Learn Options Trading

Complete reference of all 48 options strategies from Options Industry Council. See which strategies SignalPro Pulse generates and which are coming soon.

22
Implemented
5
Partial / Code Only
28+
Coming Soon

๐Ÿ“š Click any strategy below for a dedicated detail page with P&L graph, formulas, and Python script.

โœ“ Live Generated by our AI scanners ~ Partial Code exists, not surfaced yet โ—‹ Coming Soon Planned for future release
Single Options & Stock
StrategyOutlookStatus
Long Call
Buying calls to profit from a rise in the underlying stock
Bullishโœ“ Live
Long Put
Buying puts to profit from a drop in the stock price
Bearishโœ“ Live
Long Stock
Acquiring stock in anticipation of rising prices
Bullishโœ“ Live
Short Stock
Selling borrowed stock to profit from depreciation
Bearish~ Partial
Naked Call (Short Call)
Writing an uncovered call option โ€” undefined risk
Bearishโ—‹ Coming Soon
Naked Put (Short Put)
Writing a put without reserved cash to purchase the stock
Bullish~ Partial
Income & Covered Strategies
StrategyOutlookStatus
Covered Call
Writing a call covered by an equivalent long stock position
Neutral-Bullโœ“ Live
Cash-Secured Put
Writing a put while reserving cash to buy the stock if assigned
Bullishโœ“ Live
Cash-Backed Call
Purchase stock at the lower of strike or market price during option's life
Bullishโ—‹ Coming Soon
Covered Put
Arbitrage of an overvalued put vs. a short stock position
Neutral-Bearโ—‹ Coming Soon
Covered Strangle
Long stock + short OTM call + short OTM put for fairly valued names
Neutral-Bullโ—‹ Coming Soon
Covered Ratio Spread
Profits if the stock rises up to but not above the short call strike
Neutral-Bullโ—‹ Coming Soon
Hedging Strategies
StrategyOutlookStatus
Protective Put (Married Put)
Adding a long put to a long stock position for downside hedge
Bullish + Hedgeโœ“ Live
Collar
Long stock + long put + short call: partial hedge with premium offset
Neutral + Hedgeโœ“ Live
Stock Repair
Used to recover losses on a declined long stock position
Repairโ—‹ Coming Soon
Vertical Spreads
StrategyOutlookStatus
Bull Call Spread
Buy one call, sell a higher-strike call to reduce cost
Bullishโœ“ Live
Bear Put Spread
Buy one put, sell a lower-strike put to offset upfront cost
Bearishโœ“ Live
Bull Put Spread (Credit)
Limited-risk, limited-reward short put + long lower-strike put
Bullishโœ“ Live
Bear Call Spread (Credit)
Limited-risk, limited-reward short call + long higher-strike call
Bearishโœ“ Live
Ratio Spreads
StrategyOutlookStatus
Long Ratio Call Spread
Low/credit initial cost, unlimited upside
Bullish + Volโ†‘โ—‹ Coming Soon
Long Ratio Put Spread
Low/credit initial cost, substantial downside
Bearish + Volโ†‘~ Partial
Short Ratio Call Spread
Profits on steady price or falling implied volatility
Neutral / Volโ†“โ—‹ Coming Soon
Short Ratio Put Spread
Profits on slightly falling or rising stock price
Slight Bear/Bullโ—‹ Coming Soon
Straddles & Strangles
StrategyOutlookStatus
Long Straddle
Buy ATM call + put, same strike & expiry
Sharp Moveโœ“ Live
Long Strangle
Profits if stock moves sharply in either direction
Sharp Moveโœ“ Live
Short Straddle
Sell ATM call + put, same strike & expiry โ€” undefined risk
Neutral / Volโ†“~ Partial
Short Strangle
Profits if price and volatility remain steady
Neutral / Volโ†“~ Partial
Butterflies
StrategyOutlookStatus
Long Call Butterfly
Profits if stock is at the body of the butterfly at expiration
Neutralโœ“ Live
Long Put Butterfly
Same as call butterfly, constructed with puts
Neutralโœ“ Live
Short Iron Butterfly
Profits if stock is inside the wings at expiration
Neutralโœ“ Live
Short Call Butterfly
Profits if stock is outside the wings at expiration
Sharp Moveโ—‹ Coming Soon
Short Put Butterfly
Same as short call butterfly, constructed with puts
Sharp Moveโ—‹ Coming Soon
Long Iron Butterfly
Profits if stock is outside the wings at expiration
Sharp Moveโ—‹ Coming Soon
Condors
StrategyOutlookStatus
Iron Condor (Short)
Profits if stock is inside the inner wings at expiration
Neutralโœ“ Live
Long Call Condor
Profits if stock is between the two short call strikes
Neutralโœ“ Live
Long Put Condor
Profits if stock is between the two short put strikes
Neutralโœ“ Live
Long Iron Condor
Profits if stock is outside the outer wings
Sharp Moveโ—‹ Coming Soon
Calendar Spreads (Time Spreads)
StrategyOutlookStatus
Long Call Calendar
Longer-term bullish, near-term neutral/bearish
L-Bull / N-Neutralโœ“ Live
Long Put Calendar
Longer-term bearish, near-term neutral/bullish
L-Bear / N-Neutralโœ“ Live
Short Call Calendar
Profits from differing characteristics of near vs. longer-term calls
Variesโ—‹ Coming Soon
Short Put Calendar
Profits from differing characteristics of near vs. longer-term puts
Variesโ—‹ Coming Soon
Multi-Spread Combinations
StrategyOutlookStatus
Double Bull Spread
Combination of a bull call spread and a bull put spread
Bullishโ—‹ Coming Soon
Double Bear Spread
Combination of a bear call spread and a bear put spread
Bearishโ—‹ Coming Soon
Synthetic Positions
StrategyOutlookStatus
Synthetic Long Stock
Essentially a long futures position (long call + short put)
Bullishโ—‹ Coming Soon
Synthetic Short Stock
Essentially a short futures position (short call + long put)
Bearishโ—‹ Coming Soon
Synthetic Long Put
Long call + short stock
Bearishโ—‹ Coming Soon
Index Strategies
StrategyOutlookStatus
Buying Index Calls
Profit from an increase in the underlying index (SPY, QQQ, IWM)
Bullishโœ“ Live
Buying Index Puts
Profit from a decrease in the underlying index
Bearishโœ“ Live
โญ Modern Retail Income Strategies

Popular strategies from r/thetagang, tastytrade, and Options Alpha โ€” not in the standard OCC list but heavily traded by retail.

StrategyOutlookStatus
The Wheel Strategy
Mechanical income loop: sell CSPs until assigned, then sell covered calls until called away
Neutral-Bullโ—‹ Coming Soon
Poor Man's Covered Call (PMCC)
Long deep-ITM LEAPS call substitutes for 100 shares; sell short-dated calls against it
Bullish / Incomeโ—‹ Coming Soon
๐ŸฆŽ Tastytrade Strategies

Defined or undefined-risk credit trades popularized by Tom Sosnoff and tastylive.

StrategyOutlookStatus
Jade Lizard
Short put + short call spread. Net credit > call wing width = ZERO upside risk
Neutral-Bullโ—‹ Coming Soon
Broken Wing Butterfly
Butterfly with unequal wings, often opened for credit so one side has zero risk
Slightly Directionalโ—‹ Coming Soon
โšก 0DTE / Same-Day Expiry

Same-day SPX/QQQ trades โ€” now ~50% of daily SPX volume. High win rate with defined risk.

StrategyOutlookStatus
0DTE Iron Condor
Same-day SPX iron condor exploits intraday theta decay (70-85% win rate typical)
Neutral / Intradayโ—‹ Coming Soon
Reverse Iron Condor
Long volatility variant โ€” defined-risk play on big moves like earnings or FOMC
Sharp Moveโ—‹ Coming Soon

Deep-Dive Guides

In-depth tutorials for the most popular strategies SignalPro Pulse generates.

🛡️

Covered Calls

Generate income on stocks you own by selling call options. Most popular strategy for beginners.

Beginner
💰

Cash-Secured Puts

Get paid to buy stocks at a discount. Sell puts on quality names you want to own.

Beginner
📈

Credit Spreads

Defined-risk directional plays. Bull put spreads and bear call spreads explained.

Intermediate
🦅

Iron Condors

Profit from sideways markets. Sell both sides and collect theta decay premium.

Intermediate
🚀

0DTE / Same-Day Expiry

High-risk, high-reward same-day options. How the Degen algorithm finds 0DTE opportunities.

Advanced

Reading SignalPro Signals

How to interpret score, PoP, breakevens, and legs. Make the most of every signal card.

Beginner

Strategy classifications and descriptions sourced from Options Industry Council (OIC). SignalPro Pulse uses 5 AI algorithms (Degen, Surge, Moderate, Sentinel, Fortress) to generate signals matching these strategies.

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Covered Calls: Generate Income on Your Holdings

A covered call is an options strategy where you sell a call option against shares you already own. You collect the premium (income) in exchange for agreeing to sell your shares at the strike price if the stock rises above it.

How It Works

SignalPro Example: AAPL Covered Call · Score 72/100 · Strike $260 · Exp Apr 17 · Premium $2.50 · PoP 78%. The AI detected low volatility and sideways price action โ€” ideal for premium collection.

When to Use

Covered calls work best when you're neutral to slightly bullish and want to generate income. They're ideal in low-volatility environments where the stock is unlikely to make a large move.

Risk

Your upside is capped at the strike price. If the stock drops significantly, you still own the shares (the premium provides a small buffer). This is considered the lowest-risk options strategy.

AI-generated educational content. Not financial advice. Always do your own research.

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Cash-Secured Puts: Get Paid to Buy Stocks

A cash-secured put means you sell a put option and set aside enough cash to buy the stock if assigned. You collect premium while waiting to buy at a price you choose.

How It Works

SignalPro Example: NVDA Cash-Secured Put · Score 68/100 · Strike $165 · Exp Apr 17 · PoP 82%. The AI detected an oversold bounce setup near 52-week support.

When to Use

Use when you want to own a stock at a lower price and are willing to wait. Works best after a pullback in a stock you're bullish on long-term.

AI-generated educational content. Not financial advice. Always do your own research.

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Credit Spreads: Defined-Risk Directional Plays

A credit spread involves selling one option and buying another at a different strike โ€” same expiration, same type. You collect a net credit and your max loss is defined.

Bull Put Spread (Bullish)

Bear Call Spread (Bearish)

SignalPro Example: SPY Bull Put Spread · Score 75/100 · Sell $645P / Buy $635P · Credit $1.50 · PoP 72%. The AI detected strong support at $645 with bullish momentum.

AI-generated educational content. Not financial advice. Always do your own research.

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Iron Condors: Profit from Sideways Markets

An iron condor combines a bull put spread and a bear call spread. You're betting the stock stays within a range. You collect premium from both sides.

Structure

SignalPro Example: SPY Iron Condor · Score 65/100 · Range $620-$700 · Net Credit $0.53 · PoP 93%. The Fortress algorithm detected low implied volatility and a range-bound setup post-earnings.

Key Metrics

Breakeven range: The price range where you profit. Wider = safer but less premium.
PoP (Probability of Profit): How likely the stock stays in range. Iron condors typically have 60-90% PoP.
Max profit: The net credit collected. Max loss: Wing width minus credit.

AI-generated educational content. Not financial advice. Always do your own research.

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0DTE: Same-Day Expiry Options

0DTE (zero days to expiration) options expire the same day you trade them. They offer extreme leverage โ€” small price moves create large percentage gains (or losses).

Why 0DTE?

The Degen Algorithm

SignalPro's Degen algorithm specifically targets 0DTE opportunities. It scans for high-momentum setups where the risk/reward is asymmetric โ€” small cost, large potential payout. It's rated "Extreme Risk" for a reason.

SignalPro Example: SPY 0DTE Call · Score 55/100 · Strike $658 · Premium $0.80 · The Degen algo detected a momentum breakout above VWAP with unusual call volume.

Risk Warning

0DTE options can go to zero within hours. Only use capital you can afford to lose entirely. Most 0DTE trades lose money โ€” the strategy relies on occasional large wins offsetting frequent small losses.

AI-generated educational content. Not financial advice. Always do your own research.

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How to Read SignalPro Signals

Every signal card in SignalPro Pulse contains key data points. Here's how to interpret them:

Score (0-100)

A composite score combining technical indicators, volatility analysis, and AI confidence. 70+ is high conviction, 40-70 is moderate, below 40 is speculative.

PoP (Probability of Profit)

The estimated probability that the trade will be profitable at expiration, based on current implied volatility and the strategy's breakeven points.

Entry / Target / Stop

Entry: Current stock price when the signal was generated.
Target: Expected price for a winning outcome.
Stop: Price level where the trade should be exited to limit loss.

Legs

For multi-leg strategies (spreads, condors), each leg shows: BUY or SELL, strike price, option type (CALL/PUT), and expiration date.

Net Credit / Net Debit

Credit: You receive money upfront (selling strategies). Debit: You pay money upfront (buying strategies).

Algorithm

Which of the 5 algorithms generated the signal: Moderate, Fortress, Sentinel, Surge, or Degen. Each has different risk/reward profiles.

Tip: Use the AI Chat to ask follow-up questions about any signal. Type the ticker and ask "explain this setup" for a deeper analysis.

AI-generated educational content. Not financial advice. Always do your own research.

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SignalPro Pulse โ€” App Glossary

A plain-English reference for every term, metric, and concept inside the SignalPro Pulse mobile and web app.

Pulse
An AI-generated trading signal for a specific options strategy on a ticker. Each Pulse includes the strategy type, expiration, strike price, confidence score, PoP, IV rank, and a risk/reward summary. Think of it as one trade idea, fully researched by the AI.
PoP โ€” Probability of Profit
The statistical likelihood (0โ€“100%) that a trade closes profitably at expiration. Calculated from the option's delta and implied volatility. A 70% PoP means 7 out of 10 similar trades historically close in profit. Higher PoP = safer, lower reward. Lower PoP = riskier, higher reward.
Confidence Score
The AI model's certainty rating (0โ€“100%) for a given signal, based on technical indicators, IV rank, sector momentum, earnings proximity, and historical pattern matching. Scores above 70% are considered high-quality opportunities.
IV โ€” Implied Volatility
A forward-looking measure of how much the market expects a stock to move. Expressed as an annualized percentage. High IV = expensive options (favors sellers). Low IV = cheap options (favors buyers). IV spikes around earnings and macro events.
IV Rank (IVR)
Compares current IV to its 52-week range: IVR = (Current IV โˆ’ Low) / (High โˆ’ Low). A rank of 80 means IV is at the 80th percentile of its annual range. IVR above 50 generally favors premium-selling strategies like covered calls and iron condors.
Tokens / Credits
The in-app currency for generating AI signals. Each signal scan costs tokens based on complexity and subscription tier. Tokens can be purchased as one-time packs or are included in monthly Pro/Max subscriptions. Purchased tokens never expire; subscription tokens reset each billing cycle.
Algorithm
A systematic scan strategy that filters the market for opportunities matching a specific market condition โ€” e.g., "low volatility premium harvesting" or "momentum breakout." You select an algorithm before a scan run based on your market view. The AI then surfaces the best signals that fit that algorithm's criteria.
Scan Duration
The time horizon for signals in a scan โ€” from 0DTE (same-day expiry) through weekly, bi-weekly, or monthly. Shorter durations have faster theta decay and higher gamma risk. Longer durations give more time for trades to develop but tie up capital longer.
Go Live
A real-time scanning session during market hours. You select an algorithm and duration, and the AI continuously monitors the market, surfacing new high-confidence setups as conditions evolve. After hours and on weekends, Go Live switches to Forecast Mode โ€” projecting likely setups for the next trading session based on overnight futures.
Risk Tier / Profile
Your personal risk appetite, selected during onboarding: Conservative, Moderate, or Aggressive. The app prioritizes signals that match your tier โ€” e.g., Conservative users see more high-PoP, lower-reward trades; Aggressive users see more directional bets with higher upside.
Subscription Tiers
Free: Limited daily signals, basic algorithms, no real-time data.
Pro: Higher monthly token allocation, advanced algorithms, priority scans.
Max: Highest token allocation, all algorithms including earnings plays, real-time data feeds, fastest scan turnaround.
Watchlist
Your personalized list of tickers the app monitors continuously. Free users can track up to 5 tickers (SPY, QQQ, IWM, AAPL, NVDA always included). Pro/Max users can add more. The app prioritizes watchlist tickers when surfacing new Pulses.
0DTE โ€” Zero Days to Expiration
Options that expire on the current trading day. Extremely high gamma risk โ€” small price moves cause large changes in option value. Used for very short-term plays. Only recommended for experienced traders and Aggressive risk profiles.
Theta Decay
The daily erosion of an option's time value. Option sellers benefit from theta (premium decays in their favor). Option buyers fight theta (the clock works against them). Strategies like covered calls and iron condors are "theta positive" โ€” they earn money as time passes.
Delta
How much an option's price moves per $1 move in the underlying stock. A delta of 0.30 means the option gains $0.30 for every $1 the stock rises. Also approximates the probability the option expires in-the-money. Covered calls typically target 0.20โ€“0.35 delta strikes.
Strike Price
The price at which an option gives the holder the right to buy (call) or sell (put) the underlying stock. The relationship between the strike and current stock price determines whether an option is in-the-money (ITM), at-the-money (ATM), or out-of-the-money (OTM).
Premium
The price paid (by buyer) or received (by seller) for an options contract. When you sell a covered call, you collect premium upfront. This premium is your maximum profit on that trade if the stock stays below the strike at expiration.
๐Ÿ“ฑ
Need help inside the app?
Open the app โ†’ tap your profile โ†’ Help & FAQ for a searchable in-app glossary, or email us at admin@sshrobotics.com. Token purchases are also available at signalpro-pulse.fly.dev.