Optimize your option strategies in seconds using realtime data.
Learn more or subscribe to our newsletter.
By using this website, you agree to our
Terms and Conditions.
Your Options, Optimized
Quickly view the expected returns and profit & loss of various options strategies utilizing our option maximizer to identify the specific strike/expiration combination that will have the best risk/reward ratio for your desired payoff structure.
Whether you are a seasoned quantitative options trading expert, or a beginner interested in exploring the best option strategies, we are here to make the trading process faster and simpler. We are constantly adding new features—give us feedback!
Click on a strategy above to get started.
A <strong>Long Naked Call</strong> <em>buys</em> a call option. This <strong>bullish</strong> strategy profits from <strong>significant upward</strong> price surges.
A <strong>Long Naked Put</strong> <em>buys</em> a put option. This <strong>bearish</strong> strategy profits from <strong>sharp downward</strong> price drops.
A <strong>Covered Call</strong> <em>sells</em> a call against owned stock. This <strong>neutral</strong> strategy boosts <strong>income</strong> in <strong>flat</strong> markets.
A <strong>Cash-Secured Put</strong> <em>sells</em> a put with cash reserved. This <strong>bullish</strong> strategy profits from <strong>stable</strong> or <strong>rising</strong> prices.
A <strong>Bull Call Spread</strong> <em>buys</em> a lower-strike call and <em>sells</em> a higher-strike call. This <strong>bullish</strong> strategy profits from <strong>modest upward</strong> moves.
A <strong>Bull Put Spread</strong> <em>sells</em> a higher-strike put and <em>buys</em> a lower-strike put. This <strong>bullish</strong> strategy profits from <strong>slight upward</strong> moves.
A <strong>Bear Call Spread</strong> <em>sells</em> a lower-strike call and <em>buys</em> a higher-strike call. This <strong>bearish</strong> strategy profits from <strong>flat</strong> or <strong>downward</strong> moves.
A <strong>Bear Put Spread</strong> <em>buys</em> a higher-strike put and <em>sells</em> a lower-strike put. This <strong>bearish</strong> strategy profits from <strong>modest downward</strong> moves.
An <strong>Iron Condor</strong> blends a bull put and bear call spread. This <strong>neutral</strong> strategy profits from <strong>range-bound</strong> price action.
A <strong>Reverse Iron Condor</strong> blends a bear put and bull call spread. This <strong>directional</strong> strategy profits from <strong>large price movements</strong>.
An <strong>Iron Butterfly</strong> blends a bull put and bear call spread with the same short strike. This <strong>neutral</strong> strategy profits from <strong>minimal price movement</strong>.
A <strong>Reverse Iron Butterfly</strong> blends a bear put and bull call spread with the same long strike. This <strong>directional</strong> strategy profits from <strong>large price movements</strong>.