Select a stock and bring up its equity screen: Stock Ticker . Using the Bloomberg OSA screen,

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Select a stock and bring up its equity screen: Stock Ticker . Using the Bloomberg OSA screen, select several call and put options on the stock and evaluate some of the following option strategies on the stock with a profit graph:

a. Simulated Put: Long in a call and short in a stock on a 1:1 basis.

b. Simulated Straddle: Long two calls for each share of stock shorted.

c. Ratio Call Write: Short in call and long in stock, with more calls than shares owned.

d. Stock Insurance or Simulated Call: Long in put option and long in stock.

e. Ratio Put Write: Selling puts against shares of stock shorted at a ratio different than 1:1.

f. Bull Call Spread: Long in call with low X and short in call with high X.

g. Bull Put Spread: Long in put with low \(\mathrm{X}\) and short in put with high X.

h. Bear Call Spread: Long in call with high \(\mathrm{X}\) and short in call with low \(\mathrm{X}\).

i. Bear Put Spread: Long in put with high \(\mathrm{X}\) and short in put with low \(\mathrm{X}\).

j. Long Butterfly Spread: Long in call with low X, short in 2 calls with middle \(\mathrm{X}\), and long in call with high \(\mathrm{X}\) (similar position formed with puts).

k. Short Butterfly Spread: Short in call with low X, long in 2 calls with middle \(\mathrm{X}\), and short in call with high \(\mathrm{X}\) (similar position formed with puts).

l. Straddle Purchase: Long call and put with similar terms.

m. Strip Purchase: Straddle purchase with additional puts (e.g., long call and long 2 puts).

n. Strap Purchase: Straddle purchase with additional calls (e.g., long 2 calls and long put).
o. Straddle Sale: Short call and put with similar terms.
p. Strip Sale: Straddle sale with additional puts (e.g., short 1 call and short 2 puts).
q. Strap Sale: Straddle sale with additional calls (e.g., short 2 calls and short 1 put).
r. Money Combination Purchase: Long call and put with different exercise prices.
s. Money Combination Sale: Short call and put with different exercise prices.
For a guide on using the OSA screen, see "Bloomberg's Option Scenario Analysis Screen-OSA.”

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