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Know your options—and the risk and reward for each strategy
Options strategies for beginners and advanced traders.
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Fact-checked byDoug Ashburn
Doug is a Chartered Alternative Investment Analyst who spent more than 20 years as a derivatives market maker and asset manager before “reincarnating” as a financial media professional a decade ago.
Jennifer Agee
Jennifer Agee has been editing financial education since 2001, including publications focused on technical analysis, stock and options trading, investing, and personal finance.
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Whether you’re looking to learn more about the fundamentals of derivatives trading or understand advanced options strategies, you’ve come to the right place. The expiration profile (or “options risk graph”) is a helpful tool that illustrates the maximum profit and loss for each option strategy. It also shows the breakeven points if you were to hold the position through expiration (although most traders don’t).
With options, there’s a strategy for any objective, but there’s always a trade-off.
It’s time to explore your options.
Choose an options strategy to learn about its components and risk profile, then click the “Learn more” button to open a dedicated article about each one.
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