Too often, traders jump into the options game with little or no understanding of how many options strategies are available to limit their risk and maximize return. With a little bit of effort, however, traders can learn how to take advantage of the flexibility and full power of options as a trading vehicle. I say generally because there are such a wide variety of option strategies that use multiple legs as their structure, however, even a one legged Long Call Option can be viewed as an option strategy.Under the Options101 link, you may have noticed that the option examples provided have only looked at taking one option trade at a time.
How could a trader profit from such a scenario.
Option call put strategy lenses