Appendix I. Strategy Table
| Strategy | Execution | Benefits | Disadvantages | Component Parts | Risk Profile |
|---|---|---|---|---|---|
| Long Call | Buy a call. | Capped risk; uncapped reward; better leverage than stock purchase. | Can lose entire stake if the call expires OTM (out of the money). |  | 
|
| Long Put | Buy a put. | Capped risk; uncapped reward; better leverage than straight stock shorting. | Can lose entire stake if the put expires OTM (out of the money). |  | |
| Short Call (naked) | Sell a call. | Shortterm income strategy. ... |
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