tweaking greeks vega
long ATM put long ITM call long OTM call options and the fair game
volatility
buying and selling direction neutral, direction biased, and direction
indifferent
Scholes, Myron Sell-to-open transaction Skew
term structure trading
vertical
Spreads
calendar
buying
“free” call, rolling and earning income-generating, managing
strength of
trading volatility term structure
diagonal
double
ratio and complex delta-neutral positions, management by market makers
multiple-class risk ratio
skew, trading
vertical
bear call
bear put
box, building bull call
bull put
credit and debit, interrelations of credit and debit, similarities in and
volatility
wing
butterflies
condors
greeks and
keys to success retail trader vs. pro trades, constructing to maximize
profit
Standard deviation and historical volatility Standard & Poor’s Depositary
Receipts (SPDRs or Spiders) Straddles
long