Bullish Options Strategies
In this module, we'll show you how to create specific strategies that profit from up trending markets, including low IV strategies like calendars, diagonals, covered calls, and directional debit spreads.
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Bull Call Backspread

A bull call backspread is a multi-leg, risk-defined, bullish strategy, with unlimited profit potential. A bull call backspread is purchased when an investor believes the underlying asset’s price will be above the long call strike prices at expiration.
Bull Call Backspread
Kirk Du Plessis
Apr 19, 2021

A bull call backspread is similar to a long call option as far as your outlook on the underlying stock (i.e. you want it to go higher), but you use the sale and purchase of different ratios of options to protect against a possible move lower. These are often referred to as “ratio spreads” because you are buying and selling options at intervals of 1:2 or 2:3 etc. With this particular strategy, you would sell a call option and then buy 2 higher strike calls, which still makes you a net buyer of options at a ratio of 1:2.

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Put Broken Wing Butterfly
A put broken-wing butterfly spread is an advanced bullish option strategy with the goal of having no upside risk. Put broken wing butterflies consist of buying one in-the-money long put, selling two out-of-the-money short puts, and buying one out-of-the-money long put below the short puts.

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