Trading Volatility | The Options Playbook: Mastering the Art of Derivatives

📄️ The Long Straddle: A Pure Play on Volatility

Learn how to profit from significant market moves, regardless of direction, using the long straddle—a foundational volatility strategy.

Discover the long strangle, a cost-effective options strategy for profiting from significant price moves when you're unsure of the direction.

Learn how to profit from low volatility and time decay using the short straddle and short strangle options strategies.

Master the iron condor, a defined-risk, high-probability options strategy for generating income in low-volatility, range-bound markets.

Explore the iron butterfly, a defined-risk options strategy that offers a high potential reward for a precise bet on a stock's stability.

Learn how to use long call and put butterfly spreads to make a low-cost, defined-risk bet on a stock reaching a specific price target.

A comprehensive guide to choosing the right options strategy for trading volatility, based on your market forecast, risk tolerance, and goals.

A deep dive into the CBOE Volatility Index (VIX), what it measures, and how you can use it to hedge your portfolio and trade volatility.

Learn how to navigate the opportunities and risks of trading options during earnings season, with a focus on implied volatility and IV crush.

A step-by-step case study of a successful volatility trade using a long straddle around a major economic news release.