⚠️ Options involve significant risk and are not suitable for all investors. Before trading options, read the OCC Characteristics and Risks of Standardized Options. Educational only; not investment advice. Examples ignore commissions, taxes, and early assignment unless stated.
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Options Strategy Finder

Answer four questions and we will suggest the strategies that fit your view. Results update as you click. This is a learning aid that matches strategies to scenarios. It is not a recommendation to trade.

1. What do you expect the stock to do?
2. How expensive are options right now? (check the IV rank tool)
3. Do you own (or want to own) the shares?
4. Your experience with options

Your matches

Matches are based only on your four answers. They do not know the stock, your finances or your goals.

How the finder chooses

Outlook matters most. A bullish strategy loses money if the stock falls, so the finder only shows strategies that match the direction you picked. Implied volatility comes next: when options are expensive, strategies that sell options (credit spreads, covered calls, iron condors) collect more; when options are cheap, strategies that buy options (long calls, debit spreads, straddles) cost less. Shares: covered calls and protective puts need 100 shares; a cash-secured put needs enough cash to buy them. Experience: strategies above your level are pushed down the list, because multi-leg trades have more ways to go wrong.

Want to see everything at once? Open the comparison table or the printable cheat sheet. New to options? Start with what is an option.

Not financial advice

This page is for educational and informational purposes only. It is not financial, investment, tax, or legal advice, and it is not a recommendation to buy or sell any security or to use any strategy. All examples use hypothetical numbers. Options involve risk and are not suitable for everyone. Do your own research and consider talking to a licensed professional before trading.