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The video tutorial discusses trading strategies involving options, with a focus on covered calls, protective puts, and combinations. Investors aim to diversify their portfolios by buying different stocks and bonds. Options are typically short-term and can be used in various strategies to increase future values. Covered calls involve an investor owning shares and selling call options, while protective puts involve buying put options to protect against stock price decreases. Combinations of options can also be used to enhance investment strategies.