🎯 Center Profit Stock Strategies

These strategies aim to profit when the underlying stock remains near a target price or within a defined range. They benefit from low volatility and time decay.

1. Short Straddle

Structure: Sell a call and a put at the same strike and expiration.
Profit Goal: Stock stays exactly at strike price.
Best Used When: Expecting minimal movement and high implied volatility.

2. Short Strangle

Structure: Sell an OTM call and an OTM put with same expiration.
Profit Goal: Stock stays within the range between strikes.
Best Used When: Expecting low volatility and range-bound price action.

3. Iron Condor

Structure: Sell OTM call and put, buy further OTM call and put for protection.
Profit Goal: Stock stays within inner strike range.
Best Used When: Neutral outlook with high implied volatility.

4. Iron Butterfly

Structure: Sell ATM straddle, buy OTM wings for protection.
Profit Goal: Stock stays near ATM strike price.
Best Used When: Expecting very low movement and high premium collection.

5. Calendar Spread (Neutral)

Structure: Sell short-term option, buy longer-term option at same strike.
Profit Goal: Stock stays near strike during short-term expiration.
Best Used When: Expecting short-term stability and favorable volatility curve.

📊 Summary Table

Strategy	Structure	Profit Goal	Best Used When
Short Straddle	Sell call + put at same strike	Stock stays at strike	Expect very low movement
Short Strangle	Sell OTM call + put	Stock stays within range	Expect low volatility
Iron Condor	Sell OTM call + put, buy wings	Stock stays inside inner strikes	Neutral outlook, high IV
Iron Butterfly	Sell ATM straddle, buy wings	Stock stays near ATM strike	Expect minimal movement
Calendar Spread	Sell short-term, buy long-term at same strike	Stock stays near strike short-term	Expect short-term stability