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Road Trip Trade Glossary

Knowledge Base > Glossaries

ADVANCED RISK REVERSAL
Advanced Risk Reversal. This trade is used to take a directional opinion for a short time, then hedge off the risk while still leaving the opportunity for a profit. Learn more at https://stratagemtrade.com/products/books-strategy-videos/arr/  and use the discount code AERO10 for a 10% discount.
AO
Addon butterfly
ARR
See Advanced Risk Reversal
BB
Baby Butterfly (aka Baby Butter)
BH
Butterfly hedge
CCS
Call credit spread
CS
Credit spread. Can be either a bullish put spread or a bearish call spread.
DS
Debit spread. Can be either a bearish put spread or a bullish call spread.
DTE
Days to expiration
EXP
Allow to expire
EXPIRATION TENT
The region of the P/L line at expiration with a profit zone. It looks like a tent, or a triangle shape.
FILL
Price an order was filled at the broker.
GLOBAL PUT
A long put used to hedge a portfolio which are only used occasionally during increased market volatility to cut down side risk.
IC
Iron Condor
LC
Long Call
LP
Long Put
MARK
The mid-price between the bid and ask.
OBP
Or best price
PCS
Put credit spread
PT
Probability of touching
REVERSE HARVEY (RH)
Reverse Harvey - A technique of rolling long options closer to the short strike. It is used to reduce risk and/or lock in profits. Learn more.
ROLLING THUNDER
Rolling Thunder. This trade is used to hedge a stock portfolio or to take a directional opinion. Learn more at https://stratagemtrade.com/products/books-strategy-videos/rt/  and use the discount code AERO10 for a 10% discount.
RR
Risk reversal. A bearish risk reversal is a long put spread and a short call spread. A bullish risk reversal is a long call spread and a short put spread.
RT
See Rolling Thunder
RTT
Road Trip Trade
RU
Roll up short puts
SIGMA
Standard deviation. Learn more.
SV
Statistical Volatility (also known as Historical Volatility). This represents the actual volatility of the underlying's daily price volatility. Learn more.
T+0 LINE
The current profit and loss line for the position today
T+N LINE
The profit/loss line in n days. For example T+10 is the P/L line in 10 days.
WO
Working order
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