Covered call
a written call covered by shares of the underlying security
Protective put
a long position in the underlying equity hedged with a put option that reduced the portfolios price risk exposure
long Straddle
involves buying a call and a put for the same underlying stock for the same expiry date
short straddle
involves writing a call and put for the same underlying stock
Strangle
similar to a straddle but the exercise price of the call is not equal to the exercise price of the put
Spreads
the simultaneous write and buy of similar but not identical options
Time spread
buying options on the same underlying security with the only difference being the expiration date
Price spread
buying options on the same underlying security with the only difference being the the prices
bull spread
spread in which you make money when the market goes up
bear spread
spread in which you make money when the market goes down
Collar
protects the value of a portfolio between 2 bounds
Synthetic stock
options can be traded in combinations such that the payout mimics short of long positions in the underlying stock