Option Strategies - Advanced

The strategies listed here are a collection of advanced level discussions, each of which includes a hypothetical example to illustrate possible strategy outcomes. These discussions and materials are for educational purposes only and are not intended to provide investment advice. Investment decisions should not be made based upon the examples included in these discussions and materials. Please review the Options Disclosure Document in conjunction with these strategy discussions.

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Stock Repairs - Equity

This discussion introduces the stock repair strategy as a means to reduce an investor's break-even price on an existing long underlying stock position without having to assume any additional downside risk.

Iron Condor - Equity

This discussion introduces the iron condor strategy.

Butterfly - Equity

This discussion introduces the long call butterfly strategy.

Buying Index Straddles

This discussion illustrates the possible outcome of buying straddles in anticipation of a major market move.

Iron Condor - Index

This discussion illustrates the possible outcome of the iron condor.

Butterfly - Index

This discussion illustrates the possible outcome of the long call butterfly.