Category: Tutorials

Reverse Iron Albatross Spread - Trading Big Breakouts with Defined Risk
The reverse iron albatross spread is a debit options strategy designed for big moves in either direction. It’s structured like a wider reverse iron condor, with strikes placed further apart.

Reverse Iron Butterfly - Setup, Payoff, and When to Use It
Traders use the reverse iron butterfly when they expect a big move-but don’t know which way. This strategy blends calls and puts to cap risk while betting on volatility.

Synthetic Put – What It Is, How It Works, and Why Traders Use It
A synthetic put is a way to recreate the payoff of a regular put—long or short—using a mix of stock and options.

Synthetic Short Straddle – A Closer Look at Short Call and Short Put Variants
A synthetic short straddle gives you the same payoff using either a short call or a short put setup—each with a different position in the underlying.

Synthetic Straddle – How to Create One Using Long Calls or Long Puts
A synthetic straddle is a way to mimic a classic long straddle without using both a call and a put.

Back Ratio Spread - A Lesser-Known Strategy for Advanced Options Traders
The back ratio spread is an options strategy that traders use when they expect a strong move in a stock’s price. It involves buying more options than selling, creating a position with limited risk and potentially unlimited profit.

Covered Straddle - How It Works and When to Use It
The covered straddle strategy combines long stock, a short call, and a short put to generate premium income

Risk Management in Options Trading - From Best Practices to Practical Tips
Find out how risk management in options trading works, with common best practices and our experience-based tips.

Bull Call Spread: What You Should Know Before Trading Options with This Strategy
Learn how the bull call spread, a classic debit spread strategy, can help you invest with a bullish sentiment.

Synthetic Short: An Options Alternative to Short Selling a Stock
A synthetic short offers traders a flexible way to bet against a stock without short selling. But how does a synthetic short position work, and what makes it different from simply short selling shares?