Options Boot Camp 347: Heisenberg, Rogue AI and More Forgotten Terms

In this episode, hosts Mark Longo and Dan Passarelli delve into a list of supposedly forgotten or underused options trading terms generated by Chat GPT. They evaluate and discuss each term, including box spreads, conversion reversals, put-call parity, skew, sticky strike versus sticky delta, jelly roll, gamma scalping, pin risk, synthetic positions, and more. The hosts determine whether these terms are truly forgotten or still relevant, sharing their opinions and personal experiences with each concept. The episode provides an insightful look at both historical and obscure options trading terminology.

 

03:27 Options Drills: Strategies and Techniques

04:15 Forgotten Options Terms: Listener Submissions

06:01 Evaluating ChatGPT's Forgotten Options Terms

20:56 Theta Gamma Trade-Off Discussion

23:01 Double No Touch Options

23:53 Jelly Roll and Forgotten Terms

24:27 Early Exercise Premium

25:11 Second Order Greeks

26:28 Zero Day Strategies and Back Testing

28:55 Put Ratio Back Spreads

30:36 Synthetic Positions and Volatility Smirk

31:35 Risk Reversal and Break Even Volatility

33:07 Dividend Risk and Sticky Vega

35:00 Calendar Butterfly and Forward Volatility

40:05 Vol Cones and Final Thoughts