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Options Strategy Guides
One guide for each of the 23 strategies the OptionClaws scanner supports. Every guide covers how the position is built, its maximum profit and loss, breakevens, Greeks, how to manage assignment and expiration, a worked example with real arithmetic, and what to screen for. Written for traders who already know what a call and a put are.
Income
Sell premium against shares, cash, or margin. The bread and butter of most options portfolios.
Directional
Outright calls and puts, plus a put as insurance on shares you own.
Vertical spreads
Two-leg verticals that fix both the risk and the reward in one expiration.
Bull Put Spread
High-probability income, defined risk
Read the guide →Bear Call Spread
Income when a stock stays down
Read the guide →Bull Call Spread
Cheaper bullish bet, capped payout
Read the guide →Bear Put Spread
Cheaper bearish bet, capped payout
Read the guide →Iron Condor
Income when the stock goes nowhere
Read the guide →Volatility
Straddles, strangles, and condors: bets on how much the stock moves, not which way.
Long Straddle
Profit from a big move either way
Read the guide →Short Straddle
Max premium for a pinned stock
Read the guide →Long Strangle
Cheaper bet on a big move
Read the guide →Short Strangle
Wide profit zone, rich premium
Read the guide →Advanced
Butterflies, ratio spreads, calendars, and diagonals for traders who want precision or multiple expirations.
Call Butterfly
Big payout if the stock pins a strike
Read the guide →Put Butterfly
Cheap bet on a downside target
Read the guide →Call Ratio Spread
Buy one call, finance it with two
Read the guide →Put Ratio Spread
Buy one put, finance it with two
Read the guide →Married Put
Own shares with a floor under them
Read the guide →Call Calendar Spread
Sell fast decay, own slow decay
Read the guide →Put Calendar Spread
Harvest the front month's decay
Read the guide →Poor Man's Covered Call
The poor man's covered call
Read the guide →Put Diagonal Spread
Bearish spread with decay on your side
Read the guide →Put the guides to work
Every strategy here is scannable. Start from a curated preset or build your own scan with 40+ filters. Free for 7 days, no card required.
Educational content, not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.