Income & Neutral Strategies

Profiting when a stock goes nowhere — selling time and volatility with defined risk.

• Short Straddle & StrangleCollecting premium when you expect calm — high win rate, fat tail risk. Respect both.8 min
• The Iron CondorA four-leg, defined-risk way to profit from a range — the income trader’s workhorse.8 min
• The Iron ButterflyA tighter, higher-reward cousin of the condor for when you expect price to pin a level.7 min
• Calendar SpreadsSelling near-term and buying longer-term options to harvest faster time decay.7 min
• Credit vs Debit SpreadsGet paid up front or pay up front — how the choice reflects your view on volatility.6 min