Crazy Names for Complex Options

Quote from mbbcat:

on the start page,
strategy wizard,
advanced,
tlj backspread

- just testing at the mo, but it seems to produce several andidates for further analysis

- yet to follow the end results.
More...
Thank you.
daddy's boy
 
Some of the volatility plays in my OC volatility journal are TLJ-like positions. I have one on GOOG and ISRG right now and will open one on AAPL tomorrow as well.
 
Coach,

What is your exit timing on these? I have on a couple long vega positions on these (among others) where I'm going to bail just prior to earnings releases. Look at the IV chart on ISRG! I'm working on optimizing the month selection for the long options. They have bigger vegas but smaller IV moves.
 
I have no idea how all of the names were determined but many of them were derived from their appearance on a risk chart. The nice thing about options is that they give you so many options, no pun intended.

You can pick your risk levels and stress levels. You can hedge stocks against loss which is what Optionetics teaches. You can do so much more strategic investing than buy and hold. It is the thinking woman's product.
Linda
:D
 
Call backspread

Long put spread or bear spread (volatility down)

Short combo
Call ratio spread

Long semi-futures (volatility up)

Short condor call
Long call albatross

Long semi-futures (volatility down)

Short condor gut iron
Long gut iron albatross

Long straddle

Short condor iron
Long iron albatross

Long strangle

Short condor put
Long albatross put

Long gut strangle

Short fence (volatility up)
Long butterflies call

Long call synthetic

Short fence (volatility down)
Long butterflies gut iron

Long call semi-futures synthetic (volatility up)

Short call
Long butterflies iron

Long call semi-futures synthetic (volatility down)

Short put
Long butterflies put

Long put synthetic

Short put christmas tree
Long call christmas tree

Long put semi-futures synthetic (volatility up)

Short put spread or bull spread (volatility up)
Long call spread or bull spread (volatility up)

Long put semi-futures synthetic (volatility down)

Short put spread or bull spread (volatility down)
Long call spread or bull spread (volatility down)

Long underlying

Short semi-futures (volatility down)
Long combo

Put backspread

Short semi-futures (volatility up)
Long call condor

Put ratio spread

Short straddle
Long gut iron condor

Short call albatross

Short strangle
Long iron condor

Short gut iron albatross

Short gut strangle
Long condor put

Short iron albatross

Short call synthetic
Long fence (volatility up)

Short put albatross

Short call semi-futures synthetic (volatility up)
Long fence (volatility down)

Short call butterflies

Short call semi-futures synthetic (volatility down)
Long call

Short gut iron butterflies

Short put semi-futures synthetic (volatility up)
Long put

Short iron butterflies

Short put semi-futures synthetic (volatility down)
Long put christmas tree

Short put butterflies

Short put synthetic
Long put spread or bear spread (volatility up)

Short call christmas tree

Short underlying
Long put spread or bear spread (volatility down)

Short call spread or bear spread (volatility up)

dddd
Long semi-futures (volatility up)

Short call spread or bear spread (volatility down)
 
Don't forget Buttafuoco.

Can't remember the exact construction of this position, but this is what the guys on the floor called it because it was so messed up. If I remember correctly it ends up replicating a somewhat simple position but is used to trick SPAN so there is less margin requirement.
 
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