just.. for quick reference :)
Covered Call: long stock + short call
Bull Spread: long call + short call further out of the money; stock price to increase within a certain range
Bear Spread: long put + short put further out of the money; stock price to decrease within a certain range
Butterfly: Long call + long call further out of the money and short 2 calls midway between the 2 long calls; stock price to remain constant
Straddle: long put + long call at same strike price; stock price to change drastically
Strangle: long put + long call at a higher strike price
.. am I missing something?
.. coming up next: Option Greeks and Exotic Options
PS: this is to remind me of the times I did nothing!
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