options strategy guide

Three Active Traders Have Put Together the Ultimate Options Trading Guide

By:The tastylive Team

The free guide explains popular tactics and translates the jargon of options trading.

The jargon, metrics and industry terminology used in options trading can prove challenging for novices and veterans alike. But tastylive is here to help.

The Options Strategy Guide—written by seasoned traders and creators on the tastylive network Nick Battista, Mike Butler and Katie McGarrigle—offers a sleek and in-depth showcase of 31 options trading strategies and their individual applications, risk appetites and difficulty ratings. It also includes a glossary of industry terms and jargon to help you along the way.

table of contents options guide

long vertical call spread document

This free 38-page PDF is as much as a guide as it is a handy reference book for options trading. Whether you need the definition of theta decay or an explanation of an iron condor and its ideal implied volatility (IV) environment, the guide provides a clear explanation catering to all levels of experience.

“From the visuals to the content which has been influenced by our research and hands-on experience, our goal was to create a trader’s almanac,” Battista says. “It was written for new traders and as a reference for veterans looking for new options strategies.”

Here’s a little more about the authors:

  • Katie McGarrigle—tastylive show host and futures and options trading expert. She appears on Options Trading Concepts Live, airing Monday-Friday.
  • Nick Battista—tastylive director of market intelligence, has a decade of trading experience. He appears Monday-Friday on Options Trading Concepts Live, and on Wednesdays he co-hosts Johnny Trades.
  • Mike Butlertastylive director of market intelligence, has been in the markets and trading for a decade. He appears on Options Trading Concepts Live, airing Monday-Friday.

To receive the guide in your inbox for free click here.

Jason Rozes is an editorial intern at tastylive.

For live daily programming, market news and commentary, visit tastylive or the YouTube channels tastylive (for options traders), and tastyliveTrending for stocks, futures, forex & macro.

Trade with a better broker, open a tastytrade account today. tastylive, Inc. and tastytrade, Inc. are separate but affiliated companies.


Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

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