Although Global X, Amplify and Neos have fewer ETFs, their suites include some of the most popular ETFs with options (QYLD, XYLD, DIVO and SPYI). Option strategies can be tailored to meet different ...

Srdjanns74 / Getty Images Options can be used to implement a wide array of trading strategies, ranging from a simple buy and sell to complex spreads with names like butterflies and condors.

The short put spread -- or "bull put spread," as it's also described -- is a relatively conservative option strategy, since the profit potential is strictly capped. In execution, it bears a strong ...