Options strategies provide incredible versatility for traders in every market situation. Unlike traditional stock trading, which limits you to either going long or short the underlying shares, options trading allows investors to create strategic and targetted strategies that profit from several market changes at one time. Option strategies can be set up to profit from bullish or bearish stock trends as well as sideways or low volatility markets. In each trading situation, you have to determine what you want to accomplish, which type of option you want to use — a call or a put — and whether the conditions require purchasing, selling or a combination of different contracts. These free guides offer a step-by-step approach to selecting the optimal strategy in any market.