Options trading can be a great way to supplement your income or even make a living if done correctly. However, it can be intimidating to beginners who are not familiar with the terminology and strategies used in the options market. In this article, we will explore some options trading strategies that beginners can use to get started.

1. Covered Call Strategy: This strategy involves selling a call option on a stock that you own. If the stock price rises above the strike price of the call option, the buyer of the option can exercise the option and buy the stock at the strike price, which means you sell your stock at a profit.
2. Protective Put Strategy: This strategy involves buying a put option on a stock that you own. If the stock price falls below the strike price of the put option, the put option will increase in value, which offsets any losses in the stock price.
3. Long Call Strategy: This strategy involves buying a call option on a stock you believe will rise in price. If the stock price rises above the strike price of the call option, the buyer can exercise the option and buy the stock at the strike price, which means you can sell the stock at a profit.
4. Long Put Strategy: This strategy involves buying a put option on a stock you believe will fall in price. If the stock price falls below the strike price of the put option, the buyer can exercise the option and sell the stock at the strike price, which means you can buy the stock at a lower price and make a profit.
5. Bull Call Spread: This strategy involves buying a call option with a lower strike price and selling a call option with a higher strike price. This strategy is used when the investor is bullish on the stock and expects the stock price to rise, but not significantly.
6. Bear Put Spread: This strategy involves buying a put option with a higher strike price and selling a put option with a lower strike price. This strategy is used when the investor is bearish on the stock and expects the stock price to fall, but not significantly.
7. Iron Condor: This strategy involves buying a call option with a higher strike price, selling a call option with a lower strike price, buying a put option with a lower strike price, and selling a put option with a higher strike price. This strategy is used when the investor expects the stock price to stay within a certain range.