Strategies

An option trading strategy seeks to acheive a goal by combining option positions. Centering around the put option - the selling right, and the call option, the right to buy. But we do want to stress, that trading in options is complex and entails heightened risk - so consult with a professional broker along with someone like the The Options Clearing Corporation before engaging in trades.

Possible strategy types include a Bull oriented, the Bear oriented and the Neutral strategy. All three are based on certainty of market direction.
Simply, the Bull expects an increase in the underlying security while the Bear looks for a decline, while the Neutral (non-directional) strategy is neither.
Bull examples are the bull spread (call/put) and for the Bear, the bear spread (call/put). Neutral strategies are the butterfly, short straddles and iron condors.

Here articles and information carry the idea that the American Option is in rule with the European Option shouldering the exception.