Here you can see few most common option strategies, in graph format (to understand better).
Option strategies are the simultaneous, and often mixed, buying or selling of one or more options that differ in one or more of the options' variables. This is often done to gain exposure to a specific type of opportunity or risk while eliminating other risks as part of a trading strategy. A very straight forward strategy might simply be the buying or selling of a single option, however option strategies often refer to a combination of simultaneous buying and or selling of options.
Nishanth, goto the link www.interactivebrokers.in
Refer the link Education/Previously Recorded Webinars/Industry Sponsored. A lot of option strategy videos are present. Spend considerable time in watching the videos before jumping with strategies from one or two videos.
There are 437 option stratergies known in the public domain, which one are you refering to?
nishant, create specific questionaire in the content so that answers can be specific instead of vague.
option writing strategies ?