High Level Options Strategies Worth Considering
As I have mentioned, the mathematics of options is enormously complex. There are many high-level options strategies based on combinations of puts and calls, writing or purchasing, different strikes, and expirations. They are not for the new trader!
Some of these have exotic names, such as condor or butterfly, derived from the graph of profit-and-loss calculations for the strategy. (See Figure below.) I know, not much more impressive than the so-called Big Dipper constellation. But where would we be without imagination?
[caption id="attachment_13307" align="alignleft" width="370"] Exotic Option Strategies[/caption]