Strategy Finder.
Match Market View to Strategy.
Tell us your market outlook and we'll suggest the best options strategies for your setup.
What is your market outlook?
Risk Tolerance
Recommended Strategies
Strategy Goal
Slightly bullish, willing to sell stock at target price
Limited (Stock downside)
Limited (Premium received)
Setup
- Buy Stock
- Sell OTM Call
Strategy Goal
Moderately bullish, expecting prices to stay above strike
Limited (Spread width - Credit)
Limited (Net Credit)
Setup
- Sell OTM Put
- Buy Lower Strike Put
Frequently Asked Questions
What is the best options strategy for a bullish market?▾
For a bullish outlook with moderate confidence: buy calls (50-70 Delta) or sell cash-secured puts. For defined risk: bull call spread (buy lower strike call, sell higher strike call). For income on owned stock: covered calls. The best strategy depends on your conviction level, IV rank, and how much you want to risk.
What options strategy works best in a sideways market?▾
Neutral strategies profit when the stock stays range-bound: iron condors (sell OTM call spread + OTM put spread), short strangles (sell OTM call + OTM put), or calendar spreads. These strategies collect premium through theta decay. They're most effective when IV rank is high (above 50%), so you're selling expensive options.
What is the safest options strategy for beginners?▾
The safest options strategies for beginners: (1) Covered calls — sell calls against stock you own, limited downside risk. (2) Cash-secured puts — sell puts with cash set aside to buy shares. (3) Long calls with 60+ DTE — defined risk, no assignment. Avoid selling naked options or complex multi-leg strategies until you understand Greeks.
How do I choose between a bull call spread and buying a call?▾
Buy a straight call when: you expect a large move, IV is low (cheap options), and you want maximum leverage. Use a bull call spread when: you expect moderate upside, IV is high (selling the upper strike offsets premium cost), or you want defined risk with lower breakeven. Spreads cost less but cap your upside at the short strike.
Guides that explain this calculator
- Options Greeks Explained Simply: The Secret Language of PricingDelta, gamma, theta, vega and rho — the vocabulary of every strategy.
- Iron Condor: Profit from Sideways MarketsProfiting from a range, plus the assignment and tail risks involved.
- Credit Spreads: Limited Risk Options Strategy for Consistent IncomeDefined-risk premium selling and how the width sets your worst case.
- Delta Neutral Strategy: Profit Without Predicting DirectionRemoving directional exposure to isolate volatility and time.