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Part 6 Learn Institutional Trading

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Deep Dive into Option Strategies

One of the biggest advantages of options is the ability to combine them into structured strategies. Let’s expand on some common and advanced ones:

A. Single-Leg Strategies

These involve buying or selling just one option.

Long Call: Buy a call option expecting prices to rise.

Low risk (limited to premium paid).

High reward if stock surges.

Long Put: Buy a put option expecting prices to fall.

Best for bearish outlook.

Acts as portfolio insurance.

Short Call (Naked Call): Sell a call without owning stock.

You receive premium.

Unlimited risk if stock rises sharply.

Short Put (Naked Put): Sell a put option.

You receive premium.

Big risk if stock collapses.

B. Multi-Leg Strategies (Spreads & Hedging)

Bull Call Spread: Buy a lower strike call & sell a higher strike call.

Profits if stock rises moderately.

Lower risk than naked call.

Bear Put Spread: Buy higher strike put & sell lower strike put.

Works in moderately bearish markets.

Covered Call: Own stock + sell call option.

Generates steady income.

Capped upside potential.

Protective Put: Own stock + buy put option.

Insurance against stock falling.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.