Options Boot Camp 347: Heisenberg, Rogue AI and More Forgotten Terms
Update: 2025-07-16
Description
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
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