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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