In the neon-drenched district of Lower Manhattan, Elias Thorne was known as a “Ghost Trader.” He didn’t work for the big banks; he worked for himself, operating out of a studio filled with humming monitors and half-empty espresso cups.

The "Master 76 Option Strategies" framework is designed as a "flight trainer" for traders, moving from basic concepts to advanced execution.

  • Volatility Strategies:

    Volatility Strategies (11-20)

    1. Straddle: Buying calls and puts with the same strike price and expiration date.
    2. Strangle: Buying calls and puts with different strike prices and expiration dates.
    3. Butterfly Spread: Buying and selling calls or puts with different strike prices.
    4. Condor Spread: Buying and selling calls or puts with different strike prices.
    5. Volatility Trading: Trading volatility using options.

    Below, we will outline 76 option strategies, providing a brief overview of each: