| Strategy | Safety Rating (1-10) | Risk Rating (1-10) | Estimated Capital Required (INR) | Estimated Profit Potential (%) | Best Market Conditions | Experience Level | Hedging Possibility Rating (1-10) |
|---|---|---|---|---|---|---|---|
| Covered Call | 8 | 3 | ₹4-6 Lakhs | 2-4% | Stable or Slightly Bullish Market | Beginner | 3 |
| Naked Call/Put | 2 | 10 | ₹7-10 Lakhs | 5-10% | Stable Market with Low Volatility | Advanced | 10 |
| Iron Condor | 7 | 4 | ₹1-2 Lakhs | 3-5% | Range-Bound Market with Low Volatility | Intermediate | 5 |
| Short Strangle | 3 | 9 | ₹5-8 Lakhs | 7-10% | Range-Bound Market with Low Volatility | Advanced | 9 |
| Short Straddle | 3 | 10 | ₹5-8 Lakhs | 7-12% | Neutral Market with Very Low Volatility | Advanced | 10 |
| Bull Put Spread | 7 | 4 | ₹1-2 Lakhs | 3-6% | Bullish or Neutral Market | Beginner | 4 |
| Bear Call Spread | 7 | 4 | ₹1-2 Lakhs | 3-6% | Bearish or Neutral Market | Beginner | 4 |
| Cash-Secured Put | 8 | 3 | ₹5-8 Lakhs | 2-4% | Bullish or Neutral Market | Beginner | 3 |
| Iron Butterfly | 6 | 5 | ₹1-2 Lakhs | 4-7% | Range-Bound Market with Low Volatility | Intermediate | 6 |
| Credit Spread | 8 | 4 | ₹1-2 Lakhs | 3-6% | Directional but Limited Movement | Beginner | 4 |
| Calendar Spread | 7 | 4 | ₹1-2 Lakhs | 3-5% | Low Volatility with Little Price Movement | Intermediate | 5 |
| Diagonal Spread | 6 | 5 | ₹1-2 Lakhs | 3-6% | Low Volatility with Slight Directional Bias | Intermediate | 6 |
| Ratio Spread | 5 | 6 | ₹2-3 Lakhs | 4-8% | Low Volatility with Mild Directional Bias | Intermediate | 7 |
| Broken Wing Butterfly | 7 | 4 | ₹1-2 Lakhs | 3-6% | Range-Bound Market with Limited Volatility | Intermediate | 5 |
| Covered Put | 6 | 5 | ₹4-6 Lakhs | 3-5% | Bearish Market | Intermediate | 6 |
| Jade Lizard | 7 | 5 | ₹1-2 Lakhs | 3-6% | Neutral to Slightly Bullish Market | Intermediate | 5 |
| Strap | 5 | 7 | ₹2-3 Lakhs | 5-10% | Bullish Market with Potential for Volatility | Advanced | 8 |
| Strip | 5 | 7 | ₹2-3 Lakhs | 5-10% | Bearish Market with Potential for Volatility | Advanced | 8 |
| Short Guts | 3 | 9 | ₹5-8 Lakhs | 7-12% | Range-Bound Market with Low Volatility | Advanced | 9 |
| Synthetic Short Call | 6 | 5 | ₹2-3 Lakhs | 4-7% | Bearish or Neutral Market | Intermediate | 6 |
| Ratio Call Write | 4 | 6 | ₹3-5 Lakhs | 4-8% | Slightly Bullish Market | Intermediate | 7 |
| Box Spread | 9 | 2 | ₹2-3 Lakhs | 1-2% | Low Volatility with Arbitrage Opportunity | Advanced | 2 |
| Christmas Tree with Calls | 6 | 4 | ₹1-2 Lakhs | 3-6% | Slightly Bullish Market | Intermediate | 4 |
| Ratio Put Spread | 5 | 6 | ₹2-3 Lakhs | 4-8% | Mildly Bearish Market | Intermediate | 7 |
| Ladder Spread | 6 | 5 | ₹2-3 Lakhs | 4-7% | Trending Market | Intermediate | 6 |
| Condor | 7 | 4 | ₹1-2 Lakhs | 3-5% | Range-Bound Market with Low Volatility | Intermediate | 5 |
| Risk Reversal | 5 | 7 | ₹3-5 Lakhs | 5-10% | Strong Bullish or Bearish Market | Advanced | 8 |
| Unbalanced Condor Spread | 6 | 5 | ₹2-3 Lakhs | 4-7% | Slightly Directional Market with Low Volatility | Intermediate | 6 |
| Reverse Iron Condor | 6 | 6 | ₹2-3 Lakhs | 5-9% | Volatile Market | Advanced | 7 |
| Zebra Strategy | 6 | 5 | ₹2-3 Lakhs | 4-7% | Stable Market with Time Decay | Advanced | 5 |
Traders
Comprehensive Guide to Options Selling Strategies: Safety, Risk, Profitability & Hedging
Previous ArticleTechniques and Tricks for Managing Naked Call/Put Risks