The first in a series on Options Education delivered by OptionMONSTER

The calendar or time spread is a position with options in two different expiration months, with both options being calls or puts.

The bull call spread is a bullish strategy used by traders who want to capitalize on an increase in the price of the underlying stock.

The long straddle consists of a call option and a put option with the same number of units, expiration, and strike price.

A butterfly is a spread consisting of 3 legs with exercise prices that are equally spaced apart.