There are numerous way to create different payouts in options trading by buying or selling options with different strike prices and different market sentiments at the same time. This is what is considered as a strategy.
Hegic offers multiple different strategies as a single structured options product, throughout all four different market sentiments.
What is the difference between Classic and Inverse strategies?
The Classic strategies require a manual exercising before the expiration, while P&L on Inversion strategies will be distributed automatically if the price won’t reach the maximum loss zone at the time of expiry.
Inversion strategies include selling (writing) of options as a part of the strategy, which means they can't be exercised before expiry.