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Category: Tutorials

classic straddle vs straddle with shares

Earnings Play on Stocks You Own with the Custom Scan - Shares and Long Straddle

TutorialsCustom Option Screener

You can combine a straddle with stock ownership. With our custom scan, you can screen the market for a trade setup holding a portion of the underlying (say, for instance, 75 shares) and add a straddle

payoff condor strategy

Condor Spreads - Using Calls or Puts to Define Risk and Target Volatility

TutorialsCustom Option Screener

Learn how condor spreads work using calls or puts, with clear examples of long and short strategies to trade market volatility with defined risk and reward.

long strap

Strap Options - Two Different Ways to Trade Directional Volatility

TutorialsCustom Option Screener

Strap options are designed for traders who expect a big move but aren’t sure which direction it will go.

ladder options strategies

Ladder Options - Using Long and Short Ladders with Calls and Puts

TutorialsCustom Option Screener

Most option traders know vertical spreads, but fewer take advantage of the ladder option. What happens if you add a third leg to the trade?

collar create custom scan

Collars With Less (or More) Than 100 Shares: Locking in Profit Your Way

TutorialsCustom Option Screener

You don’t need to stick to exactly 100 shares. With our custom scan feature, you can design a collar using fewer or more than 100 shares - giving you more control over risk, capital, and payoff.

long christmas tree

Christmas Tree Options Strategy - A Defined-Risk Setup for Advanced Traders

TutorialsCustom Option Screener

The christmas tree options strategy is a defined-risk setup that uses multiple strikes for targeted outcomes.

stock repair strategy

Stock Repair Strategy - Fix Losing Trades with These Two Option Setups

TutorialsCustom Option Screener

If you’re holding a stock that’s down and wondering how to fix it without buying more shares, a stock repair strategy with options might help.

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

TutorialsCustom Option Screener

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

TutorialsCustom Option Screener

A synthetic put is a way to recreate the payoff of a regular put—long or short—using a mix of stock and options.