Bullish Coin Flip
Super simple options spread – make money if the stock goes up, lose money if it goes down.
Risk about the same amount as the potential reward, and count on your edge to shoot over 50% winners.
Buy a call option with a strike price below the current price of the stock, and sell a call option above the current price of the stock.
Try to choose strike prices that put the current price of the stock right in the middle of the two strikes. This should result in a risk/reward that is close to 50/50.
Example: XYZ at $60. Buy the 55 call, sell the 65 call for a net price of $5.00