This glossary contains definitions of the many terms, phrases and abbreviations used in the world of options trading and is a continual work in progress. To start using the glossary, click on the above alphabetical hyperlink corresponding to the first letter of the term you wish to understand.
Advanced Strategy Variations
Build on the core strategies with these less common structures. Match the option legs and expirations when comparing names.
- Call Broken Wing Butterfly
- Put Broken Wing Butterfly
- Jade Lizard
- Reverse Jade Lizard
- ZEBRA Options Strategy
- Christmas Tree Spread
- Broken Heart Butterfly
- Big Lizard
- Batman
- Double Plateau
- Twisted Sister
- Double Diagonal Spread
- Jelly Roll Options Strategy
- Diagonal Bull Call Spread (Poor Man’s Covered Call)
- Diagonal Bear Put Spread (Poor Man’s Covered Put)
- Advanced Options Strategies