====== Strategy of Option Trade ======

===== 同一限月内の戦略 =====

  * Premium: Debit (pay) or Credit (receive)
  * Risk: Finite or Infinite
  * Return: Finite or Infinite

^ ^Name^Premium^Risk^Return^Delta^Desc^
^Bullish|Long Call|D|F|I|0|LC@1|
^:::|Short Put|C|I|F|0|SP@1|
^:::|Bull Spread (Call)|D|F|F|0|LC@1 SC@2|
^:::|Bull Spread (Put)|C|F|F|0|LP@1 SP@2|
^Bearish|Long Put|D|F|I|0|LP@1|
^:::|Short Call|C|I|F|0|SC@1|
^:::|Bear Spread (Put)|D|F|F|0|SP@1 LP@2|
^:::|Bear Spread (Call)|C|F|F|0|SC@1 LC@2|
^High Volatility|Long Straddle|D|F|I|0|LC@1 LP@1|
^:::|Long Strangle|D|F|I|0|LP@1 LC@2|
^:::|Short Butterfly (Call)|C|F|F|+|SC@1 LC@2x2 SC@3|
^:::|Short Butterfly (Put)|C|F|F|-|SP@1 LP@2x2 SP@3|
^:::|Short Iron Butterfly|D|F|F|0|SP@1 LP@2 LC@2 SC@3|
^:::|Long Condor (Call)|D|F|F|+|SC@1 LC@2 LC@3 SC@4|
^:::|Long Condor (Put)|D|F|F|-|SP@1 LP@2 LP@3 SP@4|
^:::|Long Iron Condor|C|F|F|0|LP@1 SP@2 SC@3 LC@4|
^Low Volatility|Short Straddle|C|I|F|0|SC@1 SP@1|
^:::|Short Strangle|C|I|F|0|SC@1 SP@2|
^:::|Long Butterfly (Call)|D|F|F|+|LC@1 SC@2x2 LC@3|
^:::|Long Butterfly (Put)|D|F|F|-|LP@1 SP@2x2 LP@3|
^:::|Long Iron Butterfly|C|F|F|0|LP@1 SP@2 SC@2 LC@3|
^:::|Short Condor (Call)|C|F|F|+|LC@1 SC@2 SC@3 LC@4|
^:::|Short Condor (Put)|C|F|F|-|LP@1 SP@2 SP@3 LP@4|
^:::|Short Iron Condor|D|F|F|0|SP@1 LP@2 LC@3 SC@4|

==== ボラティリティに関する戦略の比較  ====

^Name^^Range^CP mix^Desc^
^Straddle^|- -|YES|同一strikeで[LC+LP] or [SC+SP]|
^Strangle^|+|YES|離れた2つのstrikeで[LC+LP] or [SC+SP]|
^Butterfly^(無印)|-|NO|同一strikeを中心に、Long Spread+Short Spread(short=HighVolatility)|
^:::^Iron|:::|YES|:::|
^Condor^(無印)|++|NO|離れた2つのstrikeを中心に、Long Spread+Short Spread|
^:::^Iron|:::|YES|:::|