Investors that are looking to make the best returns in today’s market they have to learn how to trade options.

Below are the 28 most popular option strategies, including how they are executed, trading strategies, how investors profit or lose, breakeven points, and when is the right time to use each one. Click any options trading strategy to get full details:

Long Call

Option Strategy

Long Call Option Strategy

Long Put

Option Strategy

Long Put Option Strategy

Short Call

Option Strategy

Short Call Option Strategy

Short Put

Option Strategy

Short Put Option Strategy

Covered Call

Option Strategy

Covered Call Option Strategy

Bull Call Spread

Option Strategy

Bull Call Spread Option Strategy

Bear Call Spread

Option Strategy

Bear Call Spread Option Strategy

Bull Put Spread

Option Strategy

Bull Put Spread Option Strategy

Bear Put Spread

Option Strategy

Bear Put Spread Option Strategy

Call Backspread

Option Strategy

Call Backspread Option Strategy

Long Straddle

Option Strategy

Long Straddle Option Strategy

Short Straddle

Option Strategy

Short Straddle Option Strategy

Long Strangle

Option Strategy

Long Strangle Option Strategy

Short Strangle

Option Strategy

Short Strangle Option Strategy

Iron Condor

Option Strategy

Iron Condor Option Strategy

Long Calendar Spread with Calls

Option Strategy

Long Calendar Spread with Calls Option Strategy

Long Calendar Spread with Puts

Option Strategy

Long Calendar Spread with Puts Option Strategy

Diagonal Spread with Calls

Option Strategy

Diagonal Spread with Calls Option Strategy

Diagonal Spread with Puts

Option Strategy

Diagonal Spread with Puts Option Strategy

Christmas Tree Spread with Calls

Option Strategy

Christmas Tree Spread with Calls

Christmas Tree Spread with Puts

Option Strategy

Christmas Tree Spread with Puts Option Strategy

Long Butterfly with Calls

Option Strategy

Long Butterfly with Calls Option Strategy

Long Butterfly with Puts

Option Strategy

Long Butterfly with Puts Option Strategy

Iron Butterfly

Option Strategy

Iron Butterfly Option Strategy

Collar

Option Strategy

Collar Option Strategy

Protective Put / Synthetic Long Call

Option Strategy

Protective Put / Synthetic Long Call Option Strategy

Synthetic Long Stock

Option Strategy

Synthetic Long Stock Option Strategy

Risk Reversal

Option Strategy

Risk Reversal Option Strategy

There is an endless amount of ways to trade options contracts, from calls and puts to the premium received or the premium paid, learning how to implement the best options trading strategy at the right time will result in massive profit potential for an investor.

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Chris Douthit, MBA, CSPO, is a former professional trader for Goldman Sachs and the founder of OptionStrategiesInsider.com. His work, market predictions, and options strategies approach has been featured on NASDAQ, Seeking Alpha, Marketplace, and Hackernoon.