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Short Jelly Roll

A jelly roll consists of a long time spread and a short time spread, one made up of puts, the...

Soft Delta

In essence, delta is a measure of how long or short the holder of an option position is in terms...

Cartwheel

A complex options trading strategy which involves taking a long position in a ratio call spread (call backspread) and a...

Hard Delta

In essence, delta is a measure of how long or short the holder of an option position is in terms...

Limited Risk Option

It is defined as positions which are taken in complex options that virtually impose no risk or a limited deal of risk such as long option, long...

Partial Iron Butterfly

An iron butterfly that is biased upward or downward by selling only one of the out-of-the-money options of the strangle...

Abandonment

An action that is taken by an investor or trader whereby he/ she chooses not to exercise or offset a long...