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Category: Tutorials

reverse iron albatross spread

Reverse Iron Albatross Spread - Trading Big Breakouts with Defined Risk

Tutorials

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 PnL

Reverse Iron Butterfly - Setup, Payoff, and When to Use It

Tutorials

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 typical P&L

Synthetic Put – What It Is, How It Works, and Why Traders Use It

Tutorials

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

Synthetic Short Straddle – A Closer Look at Short Call and Short Put Variants

Tutorials

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

Synthetic Straddle – How to Create One Using Long Calls or Long Puts

Tutorials

A synthetic straddle is a way to mimic a classic long straddle without using both a call and a put.

ratio backspreads

Back Ratio Spread - A Lesser-Known Strategy for Advanced Options Traders

Tutorials

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 strategy

Covered Straddle - How It Works and When to Use It

Tutorials

The covered straddle strategy combines long stock, a short call, and a short put to generate premium income

reducing risk options

Risk Management in Options Trading - From Best Practices to Practical Tips

GeneralTutorials

Find out how risk management in options trading works, with common best practices and our experience-based tips.

typical bull call spread

Bull Call Spread: What You Should Know Before Trading Options with This Strategy

Tutorials

Learn how the bull call spread, a classic debit spread strategy, can help you invest with a bullish sentiment.

Synthetic Short Strategy - Typical P&L

Synthetic Short: An Options Alternative to Short Selling a Stock

Tutorials

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?