ladders

The short put ladder (otherwise called a bull put ladder) is a three-legged strategy, created by buying one Out of The Money put, buying one At The Money put, and selling one In The...

The long put ladder (otherwise called a bear put ladder) is a three legged strategy, created by selling one Out of The Money put, selling one At The Money put, and buying one In The Money put, all with a same expiration date. When to use this strategy? You are neutral to direction, and expect minimal underlying price movement. Also, a long call ladder can...

The short call ladder (otherwise called a bear call ladder) is a three-legged strategy, created by selling one In The Money call, buying one At The Money call, and buying one more Out of...

The long call ladder (otherwise called a bull call ladder) is a three-legged strategy, created by buying one In The Money call, selling one At The Money call, and selling one more Out of...