Education

Options Strategy Guides

Step-by-step breakdowns of the strategies Astre surfaces — from setup to management.

Beginner

Bull Put Spread

Collect premium by selling a put and buying a lower-strike put. Profit if the stock stays above your short strike.

~8 min read Credit Spread Bullish / Neutral
Beginner

Bear Call Spread

Collect premium by selling a call and buying a higher-strike call. Profit if the stock stays below your short strike.

~7 min read Credit Spread Bearish / Neutral
Intermediate

Iron Condor

Combine a bull put spread and a bear call spread into a four-leg strategy that profits when a stock stays range-bound.

~10 min read Neutral High IV environments
Beginner

Covered Call

Generate income from a stock you own by selling a call option against it. Caps upside in exchange for premium.

~6 min read Income Mildly Bullish
Beginner

Cash-Secured Put

Sell a put option while holding enough cash to buy the shares if assigned. Generate income or acquire stock at a discount.

~6 min read Income Bullish / Neutral
Intermediate

Long Call Debit Spread

Buy a call and sell a higher-strike call to reduce cost. Defined-risk directional bet with capped upside.

~7 min read Debit Spread Bullish

New to options?

Start with the glossary to get comfortable with the vocabulary, then work through the intro guide before diving into strategies.

Options Glossary Options 101