Advanced Strategies

Volatility Arbitrage, sometimes called Volatility Bets, is a alternative way to manage money using markets and derivatives.

The calendar spread is probably one of the most interesting strategies with vanilla options.

The calendar spread: a volatility arbitrage

The calendar spread is an (almost) symmetric strategy. It thus has to be translated in the delta ∆.

Iron Condor is one of the most appreciated strategy by the traders. They are moreover most widely spread to retail options traders.

Iron Condors are probably strategies of the most known amongst options traders.

Iron Condors are 'traditional' strategies for option traders. This time, another way to used them: SO set Up

Butterfly Spread is a famous strategy using options.

Butterfly spread exhibits some features which lead to different uses.

P & L can exhibit positive and negative acceleration for a butterfly spread. That's gamma Г !

There are different ways of how would a butterfly react to some volatility variations.

Main Target for the ratio spread : - Self Financing Options Strategy for a limited movement on a particular direction.

Ratio Spreads enable to be wrong on an asset direction.

Ratio Backspreads, another way to benefit from a self financing option strategy.

One way in order to build a ratio backspread strategy is to set it up delta neutral.

Barrier options are almost exclusively OTC (Over The Counter ) products. Replication with vanilla options is sometimes a better deal.