What Options Strategies Do You Use Most?

Discussion in 'Options' started by vmora, Apr 8, 2011.

What Options Strategies Do You Use Most?

  1. Singles

    5 vote(s)
    16.1%
  2. Verticals

    5 vote(s)
    16.1%
  3. Calendars

    0 vote(s)
    0.0%
  4. (Iron) Butterflies/Condors

    8 vote(s)
    25.8%
  5. Straddles/Strangles

    6 vote(s)
    19.4%
  6. Back/Ratio

    3 vote(s)
    9.7%
  7. Diagonals

    1 vote(s)
    3.2%
  8. Other

    3 vote(s)
    9.7%
  1. vmora

    vmora

    I use verticals most but I am looking to add calendars and/or flies/condors
     
  2. I sometimes trade straddles on expiration day after implied volatility cools down dropping for a bit after the open and when the underlying crosses a strike price. Works well on some stocks, doesn't work well on others. If it doesn't start moving quickly after I'm in I'll close the trade for a small loss.

    I also trade credit spreads but am always worried about the risk/reward so I only really trade those when volatility's relatively high and I can go far out for premium.
     
  3. vmora

    vmora

    it seems like those aren't frequent trades. are there any that you put on more frequently?
     
  4. Synthetic Stock (combo)
     
  5. I use options for directional bets on stocks. I dont trade options just cause it's cool, I trade for the leverage and risk benefit. Ofcourse their's a disadvantage, eventhings has a price, time decay.
     
  6. iprph90

    iprph90

    cheap leap flies (sometimes unbalanced)
     
  7. I really like option strategies that make money :)