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"??