Trading School/Essentials/Options/Basic strategiesTier 2 · Essentials · OptionsBasic strategiesCovered calls, vertical spreads, and straddles.1Covered calls, spreads, and straddlesThree foundational options strategies — covered calls for income, vertical spreads for defined-risk direction, and straddles for volatility — with worked payoffs, maximum risk, and when each fits.Back to Essentials
