| Long Call | Buy One Call |
| Long Put | Buy One Put |
| Short Call | Sell One Call |
| Short Put | Sell One Put |
| Bull Call Spread | Buy ATM/OTM Call + Sell One OTM Call |
| Bear Call Spread | Sell ATM/OTM Call + Buy One OTM Call |
| Bull Put Spread | Buy One ATM/ITM Put + Sell One OTM Put |
| Bear Put Spread | Sell ATM/ITM Put + Buy One OTM Put |
| Synthetic | Buy ATM CE + Sell ATM PE |
| Long Collar | Future One Buy + Sell ATM/OTM Call + Buy ATM/OTM Put |
| Short Collar | Future One Sell + Sell ATM/OTM Put + Buy ATM/OTM Call |
| Married Put | Buy Stock/Futures + Buy PE |
| Long Strangle | Buy One OTM Call + Buy One OTM Put |
| Long Straddle | Buy One ATM Call + Buy One ATM Put |
| Short Strangle | Sell One OTM Call + Sell One OTM Put |
| Short Straddle | Sell One ATM Call + Sell One ATM Put |
| Call Butterfly | Buy 1 CE, sell 2CE, Buy 1 OTM CE |
| Put Butterfly | Buy 1 PE, sell 2PE, Buy 1 OTM PE |
| Iron Fly | Sell ATM PE & CE, Buy OTM CE & PE |
| Iron Condor | Buy OTM CE & OTM PE, SELL further away OTM CE & PE |
| Call Calendar Spread | Buy Call of Next week/month + Sell same strike Call of This week/month |
| Put Calendar Spread | Buy Put of Next week/month + Sell same strike Put of This week/month |
| Diagonal | Buy Monthly expiry CE/PE + Sell Weekly Expiry CE/PE |
| Modified Futures Butterfly | Buy Futures, Buy ATM PE, Sell OTM CE(2 No.s) |
| Call Ratio Spread | Buy One ITM/ATM/OTM Call + Sell Two OTM Call (to engulf total debit) |
| Put Ratio Spread | Buy One ITM/ATM/OTM Put + Sell Two OTM Put (to engulf total debit) |
| Calendar Put Ratio Spread | Buy One ITM/ATM/OTM Put this week/month + Sell Two OTM Put this next week/month |
| Calendar Call Ratio Spread | Buy One ITM/ATM/OTM Call this week/month + Sell Two OTM Call this next week/month |
| Modified Collar | Buy Futures, Buy ATM PE, Sell OTM CE |
| Cross Calendar Spread | Buy One ATM/Slight OTM Call/Put Next week/month + Sell One OTM Call/Put this week/month |
| Bearish | Expecting the stock or the Index to move in Downward direction |
| Bullish | Expecting the stock or the Index to move in Upward direction |
| Neutral | Expecting the stock or the index to move in a range bound manner |
| BI-DI | Bidirectional trade setup where the stock or index is expected to move sharply in any one direction |
| NON MTM LOSS | This can be the intermeidary losses that can happen in the life cycle of a trade from when it is opened to when it is closed |