1. COVERED CALL WRITING:-

Covered Call Writing is one efficient strategy which helps you earn profits by minimizing the market risks provided you are quite efficient in carrying out the strategy. You actually sell your shares in return for money while the position is still open, granting him the permission to take decisions on your shares. This strategy could come in handy when you are unsure about the market fluctuations and do not want to put your investment at risk.

2. CREDIT SPREAD:-

A Credit Spread strategy is where you buy one option and sell another option belonging to the same class & expiration but with different strike prices. This strategy is used by most of the options traders because of its capability to bring in high chances of earning profits.

3. IRON CONDOR:-

The name Iron condor comes from the bird named condor because the profit/loss graph resembles the bird. This particular strategy has its own unique characteristics allowing you to make a large number of small profits provided the underlying instrument is less volatile. The strategy involves a put & a call spread, each one of them having different strike prices.

4. BULL CALL SPREAD:-

A bull call spread strategy involves purchasing of options at a specific price and selling the same at a higher strike price. This strategy is often used when the investor witnesses a moderate price surge in the market.

5. BEAR PUT SPREAD:-

A Bear put strategy comes into play when a trader predicts that there is about to be a downfall in the prices of the underlying asset. Buying options at a specific price and selling them at a lower strike rate can actually help you make profits time to time.

The above strategies when used at the right situation will not only help you strive against the market downfall but also gain a diverse exposure of different market scenarios helping you make profits, eventually turning you into a successful options trader. Haven’t tried any of these trading strategies yet? You definitely should!