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The Option Spreads and Combinations
Fourteen structures, each with its expiration payoff profile and a printable cheat sheet.
Outright Call
Outright Put
Vertical Spread
Covered Call
Cash Covered Put
Calendar Spread
Straddle
Strangle
Collar
Risk Reversal
Butterfly
Condor and Iron Condor
Ratio Spread and Back Spread
And all the Others…