# Option Strategies

*Derivatives & Options — Finicade finance glossary*

Combining calls and puts into a shaped bet — spreads, straddles, collars, butterflies — to profit from a specific view on direction or volatility. Building blocks assembled into a custom payoff.

**Related terms:** [Straddle](https://finicade.com/glossary/straddle), [Butterfly Spread](https://finicade.com/glossary/butterfly-spread), [Collar](https://finicade.com/glossary/collar)

**Taught in:** Quant Quest — Options

Source: https://finicade.com/glossary/option-strategies