Abstract: Based on the relevant results of research in the field,this thesis combines organically the real options theory and the game theory,and proposes the investment strategy framework based on option games theory,real options,game theory and the traditional capital budget theory.The paper points out that the optimal stopping theory and timing game theory are the basic tools of option games for investment strategy analysis.Finally,it raises the basic thinking and the essential running processes of the option game theory and the real options in the investment strategic application.