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Innovative Mnemonics for spread identification

Optionstar has an easy to understand mnemonic 3 letter system that will quickly identify the most favorable 
underlying movement and option valuation for each spread.
The 1st three letters of each spread description below tells us the direction, valuation, and type (call or put) of each spread.
For example, spread no.1 is nfb_twin peaks...  nfb is short for Neutral direction, Fair valuation, and Both (calls and puts) options.
directions: n=neutral, v=volatilie, u=up, d=down    valuations: e=expensive, f=fair, c=cheap   option type: c=call, p=put, b=both

Optionstar shows each leg of the spread.  For example spread no.1 is (bac+bap+2sOc+2sOp).This translates to:
 (buy at the money call)
+ (buy at the money put) + (2 sell far out of the money calls) + (2 sell far out of the money puts)
You can also view the exact option detail of each spread on the positions column to the right. 


Innovative animated time decay

Copyright 2022  Star Research, Inc.
Neither Star Research, Inc. nor Optionstar software make trading recommendations. None of the charts
or information contained in these pages should be construed as a solicitation to trade any of these strategies.
In addition, none of the prices contained in the graphs are current. All data is provided solely as theoretical
examples for informational purposes. Consult a qualified options broker before assuming a position you are
unfamiliar with. There is risk of loss in all trading.