[Verse 1] When you own the stock but fear a fall Write a covered call above it all Collect premium while you wait and see Cap your upside but earn money free If prices drop, that put you bought before Will cushion losses at your chosen floor [Chorus] Bulls spread up, bears spread down Butterflies flap all around Straddle wide when volatility's high Strangle tight when moves amplify Calendar time, collar design Hedge your risk or boost your shine [Verse 2] Bull call spreads when you're feeling bright Buy low strikes, sell the higher flights Bear put spreads when storm clouds gather Buy high puts, sell low - prices scatter Butterfly wings with three strikes aligned One long middle keeps risk confined [Chorus] Bulls spread up, bears spread down Butterflies flap all around Straddle wide when volatility's high Strangle tight when moves amplify Calendar time, collar design Hedge your risk or boost your shine [Bridge] Straddle same strike, call and put together Strangle different strikes, profits in rough weather Calendar spreads across different months Collar protection with premium hunts Buy the put, sell the call above Insurance policy with income you love [Verse 3] Iron condors soar with four wings spread Credit received while risks stay fed Protective puts guard portfolio wealth While covered calls boost income stealth Mix and match these tools with care Each strategy fits a different prayer [Chorus] Bulls spread up, bears spread down Butterflies flap all around Straddle wide when volatility's high Strangle tight when moves amplify Calendar time, collar design Hedge your risk or boost your shine [Outro] From simple calls to complex chains Each derivative serves different gains Master these moves, understand the game Options strategies stake your claim
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