01Options · Range-bound
Iron Condor
A defined-risk credit structure designed for a market that stays within a range.
NeutralView strategy
Strategy library
Options strategies, explained without the fog.
Understand the market view, construction and risk before discussing automation. These structures are educational starting points—not recommendations.
From defined-risk spreads to time and volatility structures.
8 frameworks02Options · Credit spread
Bull Put Spread
A defined-risk credit spread for a market expected to remain above a chosen level.
Bullish / neutralView strategy
03Options · Credit spread
Bear Call Spread
A defined-risk credit spread for a market expected to remain below a chosen level.
Bearish / neutralView strategy
04Options · Uncovered
Short Put
A premium-selling approach with assignment risk and substantial downside exposure.
BullishView strategy
05Options · Defined risk
Butterfly
A low-cost, defined-risk structure targeting a narrow price area at expiration.
NeutralView strategy
06Options · Credit structure
Iron Butterfly
A defined-risk credit structure with its highest payoff at one central strike.
NeutralView strategy
07Options · Volatility
Reverse Iron Condor
A defined-risk debit structure designed for a large move in either direction.
Direction agnosticView strategy
08Options · Time spread
Double Calendar
A two-expiration volatility structure targeting a price range near the front expiry.
Range-boundView strategy
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