Are my interpretations right? : chain: all the Call and Put strikes of an expiration date multi-leg: a strategy consisting of at least 2 strikes vertical: in a multi-leg strategy, when one of Call or Put of same chain used horizontal: in a multi-leg strategy, when one of Call or Put of at least 2 chains used iron: in a multi-leg strategy, when Call AND Put used
1: no, all options in name 2: no, >= 2 options in same name 3: yes (same date) 4: that's called calendar, not horizontal 5: no, iron means nothing (iron condor or butterfly does)
Attention seeking poster : someone who starts pointless threads, asking silly questions, when the answers are available on Google within seconds.
Nope, not feeling that reason. I just like to see how easily a fool is triggered, and you took the bait pretty quickly. Well done. I await your next pointless thread.
Hmm. I've seen "horizontal" used at many locations as synonym for calendar, even "time xxx", like in "time spreads". And it so well harmonizes with "vertical", IMO Btw, I forgot in the list the mixture of vertical and horizontal: the diagonal Another interesting and IMO important nomenclature to know is "net volatility" in conjunction with multi-leg constructs. I just wonder why they are called "iron condor" and "iron butterfly". You, or anybody else, know the reason for the "iron" part? Update: it seems my initial definition was right: wikipedia says on the iron condor page "The word iron in the name of this position indicates that, like an iron butterfly, this position is constructed using both calls and puts".