Here you’ll find information on all options trading spreads (called strategies elsewhere) available in the Brutus Options Ranker
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Brutus Spreads
Brutus Spreads
Short Put (covered or uncovered)
A short put setup involves selling one put at trade entry (writing a put). This obligates the seller to buy the underlying shares at any point during the life of the contract at the strike price of the option. The trade is usually initiated at a strike price near the money or out of the money. […]
Brutus Spreads
Bull Put Spread
A bull put spread setup involves selling one put (at or near the money) and buying one lower-strike put (further out of the money) at the same time. Having two different strike contacts in the order creates a spread. When selling this spread at trade entry, the trader is obligated (if the buyer exercises their […]
Brutus Spreads
Bear Call Spread
A bear call spread setup involves selling one call (at or near the money) and buying one higher-strike call (further out of the money) at the same time. Having two different strike contacts in the order creates a spread. When selling this spread at trade entry, the trader is obligated (if the buyer exercises their […]
Brutus Spreads
At The Money (ATM) Put Calendar
You create the at the money (ATM) put calendar spread setup with the combination of these two options: Selling (writing, short) a near-term put at the money (where strike price and stock price are equal or close to equal) with a short expiration typically less than 30 days and, purchasing (holding, long) a later-expiring put […]
Brutus Spreads
Out of The Money (OTM) Put Calendar
You create an out the money (OTM) put calendar spread setup by combining these two options: Selling (writing, going short) a near-dated put out the money (where the strike price is below the current stock price) with a short expiration typically less than 30 days) and, purchasing (holding, long) a later-expiring put at the […]
Brutus Spreads
Out of The Money (OTM) Call Calendar
You create an out the money (OTM) call calendar spread setup by combining these two options: Selling (writing, going short) a near-term call out the money (where the strike price is above the current stock price) with a short expiration typically less than 30 days) and, purchasing (holding, long) a later-expiring call at the […]
Brutus Spreads
Brutus Spreads
Brutus Spreads
Covered Call
The Covered Call Writing setup is created when you sell (“write” or “short”) a call against an established position or a new position in the underlying stock. This position creates a net credit. It is an opportunity for you to create additional income as a result of the premium you receive and increase the overall […]