Strategies
Explore a few common option strategies and see how OptionLab visualizes their payoff and risk.
Butterfly Spread
A limited-risk strategy built around a target price, with capped profit and capped loss.
See how it works →Iron Condor
A range-bound strategy that profits when the price stays between two levels, with defined risk on both sides.
See how it works →Covered Call
A stock-and-call strategy that can generate option premium while keeping upside exposure to the underlying.
See how it works →Bull Call Spread
A defined-risk bullish strategy that uses two call strikes to target a rise in the underlying price.
See how it works →Straddle
A strategy built to benefit from a large price move in either direction, with risk limited to the premium paid.
See how it works →Ready to build one yourself?
Start Free