Long Call
A call purchase with defined premium at risk and open-ended upside at expiration.
- Outlook
- Bullish
- Risk Level
- High
- Capital Needed
- Modest: only premium cost
🌱 Learning Path
Beginner Option Strategies
Master the foundation: single-leg options and basic overlays. These strategies have defined risk, limited moving parts, and clear payoff profiles.
Covered Call
Long shares with a short call, exchanging upside for option premium.
- Outlook
- Moderately bullish
- Risk Level
- Medium
- Capital Needed
- 100+ shares
Protective Put
Long shares with long put establishing price floor.
- Outlook
- Bullish with protection
- Risk Level
- Low
- Capital Needed
- 100+ shares plus put cost
Long Put
Put purchase with defined premium at risk and downside.
- Outlook
- Bearish
- Risk Level
- High
- Capital Needed
- Modest: only premium cost
Why Start With Beginner Strategies?
- Defined risk: You know the maximum loss upfront
- Simpler mechanics: Fewer moving parts mean fewer decisions
- Clear payoff: Profit zones are obvious and easy to visualize
- Foundation for advanced: Every complex strategy builds from these basics
Next Steps
Once comfortable with these strategies, explore intermediate strategies that combine multiple legs for more precise risk/reward.