The following is a list of option strategies with negative vega:
- Bear Put Ladder (also Long Put Ladder)
- Bull Call Ladder (also Long Call Ladder)
- Call Ratio Spread (also Ratio Call Spread, Bull Ratio Spread)
- Covered Call
- Covered Put
- Covered Short Straddle
- Covered Short Strangle
- Iron Butterfly
- Iron Condor
- Long Call Butterfly
- Long Call Condor
- Long Put Butterfly
- Long Put Condor
- Put Ratio Spread (also Ratio Put Spread, Bear Ratio Spread)
- Short Calendar Call Spread
- Short Calendar Put Spread
- Short Call (also Naked Call, Uncovered Call)
- Short Call Synthetic Straddle
- Short Call Synthetic Strangle
- Short Diagonal Call Spread
- Short Diagonal Put Spread
- Short Guts
- Short Put (also Naked Put, Uncovered Put)
- Short Put Synthetic Straddle
- Short Put Synthetic Strangle
- Short Straddle
- Short Strangle
- Synthetic Covered Call
- Synthetic Covered Put
- Synthetic Covered Strangle
- Synthetic Short Call
- Synthetic Short Put
See also option strategies with positive vega and vega neutral option strategies.
Vega is one of option Greeks, which measures how the value of an option (or a combination of options) changes when implied volatility increases. Positive vega means that the position gains value with rising volatility, while negative vega means it loses.