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Novice
Long Call
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Advanced
Short Call
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Call Ratio Backspread
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Call Broken Wing
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Expert
Double Diagonal
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Strip
Call Ratio Spread
Put Ratio Spread
Guts
Short Guts
Long Synthetic Future
Short Synthetic Future
Synthetic Put
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Short Combo
Long Call
BullishUnlimited ProfitLimited Loss
A simple bullish strategy for beginners that can yield big rewards. A call gives the buyer the right, but not the obligation, to buy the underlying stock at strike price A. However, you can simply buy and sell a call before it expires to profit off the price change.
The value of the option will decay as time passes, and is sensitive to changes in volatility. Your maximum loss is capped at the price you pay for the option.
Buy a call at strike A

Build
Novice
Long Call
Long Put
Covered Call
Protective Put
Intermediate
Short Put
Bull Call Spread
Bear Call Spread
Bull Put Spread
Bear Put Spread
Calendar Call Spread
Calendar Put Spread
Diagonal Call Spread
Diagonal Put Spread
Collar
Straddle
Strangle
Long Call Butterfly
Long Put Butterfly
Iron Butterfly
Iron Condor
Short Call Butterfly
Short Put Butterfly
Advanced
Short Call
Bull Call Ladder
Bear Call Ladder
Bull Put Ladder
Bear Put Ladder
Call Ratio Backspread
Put Ratio Backspread
Long Call Condor
Long Put Condor
Short Call Condor
Short Put Condor
Inverse Iron Butterfly
Inverse Iron Condor
Covered Short Straddle
Covered Short Strangle
Short Straddle
Short Strangle
Call Broken Wing
Put Broken Wing
Inverse Call Broken Wing
Inverse Put Broken Wing
Expert
Double Diagonal
Strap
Strip
Call Ratio Spread
Put Ratio Spread
Guts
Short Guts
Long Synthetic Future
Short Synthetic Future
Synthetic Put
Long Combo
Short Combo
Long Call
BullishUnlimited ProfitLimited Loss
A simple bullish strategy for beginners that can yield big rewards. A call gives the buyer the right, but not the obligation, to buy the underlying stock at strike price A. However, you can simply buy and sell a call before it expires to profit off the price change.
The value of the option will decay as time passes, and is sensitive to changes in volatility. Your maximum loss is capped at the price you pay for the option.
Buy a call at strike A
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OptionStrat Blog

Using OptionStrat's Options Profit Calculator

January 18, 2021

A tutorial on how to use OptionStrat to calculate profit and loss for various option strategies.

New Feature: Custom Multi-Expiration Strategies

December 8, 2020

You can now add an additional expiration date and change the expiration of individual legs.

OptionStrat apps now available!

December 6, 2020

Download OptionStrat on your iOS or Android device.

Introducing the Options Optimizer

November 13, 2020

The new options optimizer allows you to easily search though thousands of trades to find the strategies with the maximum return or chance of profit.

OptionStrat Beta Launch

November 1, 2020

OptionStrat is now available for beta testing. Learn more here!

How Implied Volatility Affects Options

October 23, 2020

What is implied volatility (IV) and how does it affect my trades?

Entering an Existing Trade

October 22, 2020

Learn how to input your existing trades into OptionStrat.