> For the complete documentation index, see [llms.txt](https://hegic-1.gitbook.io/hegic/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hegic-1.gitbook.io/hegic/hegic-options/inverse-options.md).

# Inverse Options

## Strategies

* Bull Put Spread
* Bear Call Spread
* Long Butterfly&#x20;
* Long Condor&#x20;

Inverse options ***cannot be*** exercised early.&#x20;