Gold Futures
Education

Part 6 Institutional Trading

39
Common Option Trading Strategies
a) Basic Strategies

1. Long Call
Used when a trader expects strong upside movement. Risk is limited to the premium paid, while reward potential is theoretically unlimited.

2. Long Put
Used when expecting a sharp decline. Risk is limited to the premium, and profits increase as the underlying falls.

3. Covered Call
Involves holding the underlying stock and selling a call option. It generates regular income but caps upside potential.

4. Protective Put
Buying a put option against an existing long position. This acts as insurance, limiting downside risk.

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