NFO OPENAltiva by Edelweiss — Equity Ex-Top 100 Long-Short|May 18 to June 1, 2026|Invest NowNFO OPENiSIF Active Asset Allocator Long-Short by ICICI Prudential|May 19 to June 2, 2026|Invest NowNFO OPENiSIF Equity Long-Short by ICICI Prudential|May 19 to June 2, 2026|Invest NowNOW IN BETASIF Prime Academy|NISM Series XIII exam prep — free for partners|Start Studying
NFO OPENAltiva by Edelweiss — Equity Ex-Top 100 Long-Short|May 18 to June 1, 2026|Invest NowNFO OPENiSIF Active Asset Allocator Long-Short by ICICI Prudential|May 19 to June 2, 2026|Invest NowNFO OPENiSIF Equity Long-Short by ICICI Prudential|May 19 to June 2, 2026|Invest NowNOW IN BETASIF Prime Academy|NISM Series XIII exam prep — free for partners|Start Studying
NFO OPENAltiva by Edelweiss — Equity Ex-Top 100 Long-Short|May 18 to June 1, 2026|Invest NowNFO OPENiSIF Active Asset Allocator Long-Short by ICICI Prudential|May 19 to June 2, 2026|Invest NowNFO OPENiSIF Equity Long-Short by ICICI Prudential|May 19 to June 2, 2026|Invest NowNOW IN BETASIF Prime Academy|NISM Series XIII exam prep — free for partners|Start Studying
NFO OPENAltiva by Edelweiss — Equity Ex-Top 100 Long-Short|May 18 to June 1, 2026|Invest NowNFO OPENiSIF Active Asset Allocator Long-Short by ICICI Prudential|May 19 to June 2, 2026|Invest NowNFO OPENiSIF Equity Long-Short by ICICI Prudential|May 19 to June 2, 2026|Invest NowNOW IN BETASIF Prime Academy|NISM Series XIII exam prep — free for partners|Start Studying
6
Chapter 6 of 10

Option Trading Strategies

4 marks (3%)~6 hours study13 sections · 11 practice questions

Learning objectives

  • Construct and interpret single-leg and multi-leg option strategies.
  • Identify the market view (directional, volatility, range-bound) implied by each strategy.
  • Compute maximum profit, maximum loss, and breakeven for common spreads.
  • Apply protective and covered strategies in a SIF / portfolio context.

Topics covered

01Single-leg strategies — long/short call/put
02Spread strategies — bull spread, bear spread
03Volatility strategies — straddle, strangle
04Range-bound strategies — butterfly, condor
05Protective and covered strategies — protective put, covered call

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Chapter 1 (Basics of Derivatives) is free to read. Chapters 2 through 10 — plus all 120+ practice MCQs and the 6-week study plan — unlock with a free Academy account. No payment, no credit card.

A peek at what's inside Chapter 6:

13
study sections
First section: "Why this chapter matters"
15
cheat-sheet terms
Includes: Bull call spread, Bear put spread, Long straddle...
11
practice MCQs
Interactive — click an option to reveal the correct answer + explanation
3 underlying tabs
Equity / Currency / Interest Rate views

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