Option Strategies with Positive Theta
This is a list of option strategies which have positive theta (they gain with passing time):
- Bear Put Ladder (also Long Put Ladder)
- Bull Call Ladder (also Long Call Ladder)
- Call Ratio Spread (also Ratio Call Spread, Bull Ratio Spread)
- Covered Call
- Covered Put
- Covered Short Straddle
- Covered Short Strangle
- Double Calendar Spread
- Double Diagonal Spread
- Iron Butterfly
- Iron Condor
- Long Calendar Call Spread (also Calendar Call Spread)
- Long Calendar Put Spread (also Calendar Put Spread)
- Long Call Butterfly
- Long Call Condor
- Long Diagonal Call Spread (also Diagonal Call Spread)
- Long Diagonal Put Spread (also Diagonal Put Spread)
- Long Put Butterfly
- Long Put Condor
- Put Ratio Spread (also Ratio Put Spread, Bear Ratio Spread)
- Short Call (also Naked Call, Uncovered Call)
- Short Call Synthetic Straddle
- Short Call Synthetic Strangle
- Short Guts
- Short Put (also Naked Put, Uncovered Put)
- Short Put Synthetic Straddle
- Short Put Synthetic Strangle
- Short Straddle
- Short Strangle
- Synthetic Covered Call
- Synthetic Covered Put
- Synthetic Covered Strangle
- Synthetic Short Call
- Synthetic Short Put
See also option strategies with negative theta and theta neutral option strategies.