Crazy Names for Complex Options

I was trying to put together a list of complex options and the risks and margin for a trading club. But it seems that there is a never ending list of names people have for these positions.

So if any one has a crazy name... e.g. Butterfly etc... lets hear it with the requirements to be considered this name.

Here is what I have so far...

Buy/Write
Covered Put
Vertical Spread
Time Spread
Straddle
Strangle
Butterfly
Condor
BOX
Jelly Roll
Reversal/Conversion

:)
 
ratio spreads are good ones... "1 by 2's" and "1 by 3 's"
good to mention...

back spread = too generic... has to be something they might announce in the trading pit.

:)
 
What is a "diagonal"??

I forgot the combo... +c -p or -c +p thanks....

Aslo.. I just remembered the risk reversal... long stock, short out-$ call, long out-of-$ put.

Anyone know what the hell a "winged butterfly is" or a "Christmas tree"??

:)
 
Originally posted by Mr Subliminal
Iron Butterfly
Gut Iron Butterfly
Pregnant Butterfly
Albatross
Christmas Tree
SemiStock

What are the componets though??

:)
 
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