Options Strategies

Walk-throughs of the spread structures used in the journal: verticals, iron condors, calendars, diagonals. Each strategy article covers the structure's anatomy, the greeks at entry, the typical entry triggers, the risk profile, and the exit logic. The strategies articles are reference material — they describe how a structure works in the abstract — and they are paired with the trade log, which shows how the structure actually performed in the journal's hands. The strategies section is organized by structure, not by ticker. The articles on bull put spreads, iron condors, calendar spreads, and long call condors are written so that a reader can understand the structure before evaluating the trade log entries that used it. Where the strategy articles overlap with the playbook, the playbook wins on rules and the strategies articles win on anatomy. The strategies section also covers the structures that worked badly — the covered call, the long straddle, the long call held too far out of the money. Those articles describe why the structure failed in the journal's hands and what the alternative would have been, so a reader who is considering the same structure can see the failure mode before sizing the position. The strategies articles are the most-read section on the site because they are the most reusable. A reader who is evaluating a credit spread in their own account can read the strategies article and the corresponding trade log entries in parallel, and see how the structure performed across multiple market regimes.