Strategy Playbook
BEGINNER → PROThe fundamental option strategies, in plain English — each one paired with its strongest backtested setups from our scanner. Start with the income core, then grow into the rest.
Income & Neutral Strategies
Get paid to wait to buy a stock you like.
Earn rent on shares you already own.
Defined-risk bullish income.
Profit when a stock goes nowhere.
Maximum premium for a range-bound view.
An IV-crush play right at the money.
Defined-risk bearish income.
Short premium with no upside risk.
Sell time decay against a longer-dated option.
A cheap bet on a precise price target.
Advanced & Directional Strategies
A capital-light covered call using a LEAPS.
A long-term, stock-replacement bullish bet.
Advanced: profit from a moderate, measured drop.
Advanced: a defined-risk bullish bet for less than buying the stock.
Advanced: a defined-risk bearish bet.
Advanced: a higher-credit, tighter cousin of the iron condor.
Advanced: a butterfly skewed to remove risk on one side, often for a credit.
Advanced: strongly bullish with unlimited upside, often opened for a credit.
Advanced: a longer-dated, capital-efficient bullish income structure.
Advanced: a defined-risk bet on a big move in either direction.
Advanced: profit from a big move either way; risk limited to the premium.
Advanced: a cheaper long-vol play using OTM options.
Advanced: insurance for a stock you own.
Advanced: low/zero-cost protection by financing a put with a covered call.
Setups are ranked from 56 quality-cleared backtests (min 10 trades, ≥70% win rate). Backtested results are not a guarantee of future performance.