You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Crazy Names for Complex Options
- Thread starter qazmax
- Start date
Iron Butterfly
+10*45p / -10*50p / -10*50c / +10*55c
Gut Iron Butterfly
+10*45c / -10*50c / -10*50p / +10*55p
Pregnant Butterfly
Two-strike pregnant butterfly is equal to 1 then 2 then 1 consecutive butterflies
Albatross
Equal to 3 consecutive butterflies
Christmas Tree
+70c / -75c / -80c (long call)
SemiStock
Long underlying / -70 / +75 (Bear spread)
(both c or both p)
(Source : Coulda Woulda Shoulda, Charles M. Cottle)
* * * * * * * * * * * *
A shy trader who barely speaks,
Decided to study the Greeks,
He put on a spread,
While still lying in bed,
And then proceeded to fondle his cheeks.
+10*45p / -10*50p / -10*50c / +10*55c
Gut Iron Butterfly
+10*45c / -10*50c / -10*50p / +10*55p
Pregnant Butterfly
Two-strike pregnant butterfly is equal to 1 then 2 then 1 consecutive butterflies
Albatross
Equal to 3 consecutive butterflies
Christmas Tree
+70c / -75c / -80c (long call)
SemiStock
Long underlying / -70 / +75 (Bear spread)
(both c or both p)
(Source : Coulda Woulda Shoulda, Charles M. Cottle)
* * * * * * * * * * * *
A shy trader who barely speaks,
Decided to study the Greeks,
He put on a spread,
While still lying in bed,
And then proceeded to fondle his cheeks.
Bet you guys have never heard of the Tarzan loves Jane spread! It's taught only at the Optionetics Advance Seminar. Anyone, anyone??? (a guy on optionetic claims he's making around 200% or so with this spread)
So that you know, I have no idea what it is either!
I also like to ask if anyone of you have had much success with those previous posted spreads? I don't want to be opinionated or anything, but most of those strategies suck! Especially, those WHATEVER THING butterfly spread. That's a lot of commission! And hefty hefty loss from each strike (the bid/ask spread those ripoff marketmakers are making)
So that you know, I have no idea what it is either!
I also like to ask if anyone of you have had much success with those previous posted spreads? I don't want to be opinionated or anything, but most of those strategies suck! Especially, those WHATEVER THING butterfly spread. That's a lot of commission! And hefty hefty loss from each strike (the bid/ask spread those ripoff marketmakers are making)
What? No one has mentioned the wrangle and the cartwheel.
Originally posted by bvam1
Bet you guys have never heard of the Tarzan loves Jane spread! It's taught only at the Optionetics Advance Seminar. Anyone, anyone??? (a guy on optionetic claims he's making around 200% or so with this spread)
So that you know, I have no idea what it is either!
I also like to ask if anyone of you have had much success with those previous posted spreads? I don't want to be opinionated or anything, but most of those strategies suck! Especially, those WHATEVER THING butterfly spread. That's a lot of commission! And hefty hefty loss from each strike (the bid/ask spread those ripoff marketmakers are making)
I actually heard that being discussed on one of the BBs. I cannot remember exactly how it was so probably it was not worth remembering!!!!!!!!
The Dingleberry
Even more interesting than the names assigned to these positions, probably predicated exclusively on the curvature, the fact that there were market makers way back when who "layered" spreads so thick and across so many strikes is really interesting...Imagine the first market markers or group of market makers to start trading into these various spreads...What incredible creativity...