So you’ll need to fully understand how those work before you build up to advanced multi-leg option strategies. But from there, you can construct more calibrated option strategies that fit your ...

Butterfly spreads are options strategies that ... Long one in-the-money (ITM) call Short two ATM calls Long one out-the-money (OTM) call. The strategy results in a net debit position.

OTM options are more commonly traded for strategies such as covered calls or protective puts. ITM options have their uses. For example, a trader may want to hedge or partially hedge their position.

Purchasing a call option is bullish strategy. Each standard equity call option purchased ... Out-of-the-money (OTM) calls are usually cheaper than in-the-money (ITM) calls, which have intrinsic and ...

Dr. Sebastian Marx, ITM’s chief business officer and member of the Executive Board, is stepping down effective July 20, 2025 after nearly two ...

Please visit the Help Center to learn more about strategies by account type. Options that expire in the money by $0.01 or more are auto-exercised/assigned, resulting in an assignment of 100 short ...