DOGE education · Strategies

The simplest long-vol directional tickets — defined risk, theta decay, and when IV helps or hurts.

Inventory overlays — selling upside for yield versus buying insurance on coin or stable holdings.

Defined-risk directional structures — debit and credit verticals, width, and multi-venue execution notes.

Pure-ish volatility tickets around a level — long and short structures, expected move, and pin risk.

Defined-risk range trades around a pin or expected band — body, wings, and why path still matters.

Long one wing, short the other — direction plus skew expression in a single package.

Trade time and term structure — not only direction — with same-strike calendars and mixed-strike diagonals.

1×2 call or put ratios — defined on one side, dangerous on the other. Backspreads flip the long convexity to the wings.

Collar = long put + short call on inventory. Synthetic long ≈ long call + short put. Conversions and reversals are put-call parity trades with a lot of fees.

Call minus put equals a forward. Why the identity is the backbone of synthetics — and why crypto indices, fees, and inverse units punch holes in it.