Every option strategy is either based on one of the basic strategies discussed here in this group of pages, or some combination of them. Many books on options stop here, but this is just a starting point. In other sections, we’ll discuss more of the statistics and details of these and more elaborate strategies- how and when to establish each one, how to manage and defend each one. We’ll focus on managing the trade-offs between maximizing option profits and minimizing risk.
If you are already familiar with most option trades, this section may be a little too basic. But, I’ve included it for readers who are less familiar.
Here are the pages on basic strategies:
