Bullish: - [[Long Call]] - [[Short Put]] - [[Bull Call Spread]] - [[Short Bull Ratio Spread]] - [[Bull Call Ladder Spread]] - [[Strap Straddle]] - [[Strap Strangle]] Bearish: - [[Long Put]] - [[Bear Put Spread]] - [[Short Bear Ratio Spread]] - [[Bear Put Ladder Spread]] - [[Strip Straddle]] - [[Strip Strangle]] Hedging: - [[Covered Call]] - [[Covered Call Collar]] - [[Long Straddle]] - [[Long Strangle]] When putting up a option spread always write first because the credit you get is your "budget" for the trade