Covered Calls Income-oriented call writing on owned shares. Cash-Secured Puts Premium collection while planning stock entry. Vertical Spreads Defined-risk bullish and bearish spread setups. Ratio Spreads Uneven option legs with targeted payoff zones. Butterflies Three-strike structures for range-bound outlooks. Iron Condors Range-focused premium strategy with capped risk. Option Greeks Delta, theta, vega, and risk sensitivity basics.