Good catch--yeah it's that psycho piker @botpro https://www.elitetrader.com/et/thre...-at-least-180-p-a.299295/page-23#post-4273596
The name "Chameleon Option" indeed is already in use (I didn't know, should have googled...): https://www.investopedia.com/terms/c/chameleonoption.asp