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List of Liffe Strategies

 

TT Strategy Name

Liffe Strategy Name

Create in the following sequence from the Buy perspective
BoxBox

Buy Call Sell Put at same strike Buy Put at higher strike Sell Call at same strike

ButterflyCall Butterfly

Buy Call Sell two Calls at higher strikes Buy Call at higher strike

Note: The strikes do not have to be consecutive and the gaps between them to not need to be equal.

Put Butterfly

Buy Put Sell two Puts at higher strikes Buy Put at higher strike

Note: The strikes do not have to be consecutive and the gaps between them to not need to be equal.

CalendarCall Calendar SpreadSell near month Call Buy far month Call at same strike
Put Calendar SpreadSell near month Put Buy far month Put at same price
Call Spread vs. Put3 Way: Buy a Call Spread vs. a PutBuy Call Sell Call at higher strike Sell Put at any strike
ComboComboSell Call Buy Put at lower strike
CondorCall Condor

Buy Call Sell Call at higher strike Sell Call at even higher strike Buy Call at yet higher strike

Note: The strikes do not have to be consecutive and the gaps between them do not need to be equal.

Put Condor

Buy Put Sell Put at higher strike Sell Put at even higher strike Buy Put at yet higher strike

Note: The strikes do not have to be consecutive and the gaps between them do not need to be equal.

Conversion/ReversalReversal/Reversal

Buy Call Sell Put at same strike Sell underlying (Enter underlying price)

Conversion: As above but sell in trading window

Diag CalendarCall Diagonal Calendar SpreadSell near month Call Buy any far month Call at different strike
Put Diagonal Calendar SpreadSell near month Put Buy any far month Put at different strike
Diag Strad CalendarDiagonal Straddle Calendar SpreadSell near month Put Sell near month Call at same strike Buy far month Put at different strike Buy far month Call at same strike
GutsGutsBuy Call Buy Put at higher strike
Iron BFlyIron Butterfly

Sell Put Buy Put and Call at higher strike Sell Call at even higher strike

Note: The strikes do not have to be consecutive and the gaps between them to not need to be equal.

Iron CondorIron Condor

Sell Put Buy Put at higher strike Buy Call at even higher strike Sell Call at even higher strike

Note: All series must be the same expiry month.

Jelly RollJelly Roll

Sell Call Buy Put at same strike in near month Buy Call in far month Sell Put at same strike in far month

Note: The strike price in the far month does not need to equal the strike price in the near month.

LadderCall Ladder

Buy Call Sell Call at higher strike Sell Call at even higher strike

Note: The strikes do not have to be consecutive and the gaps between them to not need to be equal.

Put Ladder

Sell Put Sell Put at higher strike Buy Put at even higher strike

Note: The strikes do not have to be consecutive and the gaps between them to not need to be equal.

Misc. Call/Put SpreadCall Spread

Buy Call Sell Call same month at higher strike

Put SpreadBuy Put Sell Put same month at lower strike
Option StripStraddle StripBuy between two and four straddles in one or more expiration months entered as... Buy Call; Buy Put with strikes and expiry months entered in ascending order
Call Strip

Buy between three and eight Calls

Note: The strikes and expiry months do not need to be the same but strikes and expiry months must be entered in ascending order.

Put Strip

Buy between three and eight Puts

Note: The strikes and expiry months do not need to be the same but strikes and expiry months must be entered in ascending order.

Put Spread vs. Call3 Way: Buy a Put Spread vs. a CallBuy Put Sell Put a lower strike Sell Call at any strike
Strad CalendarStraddle Calendar SpreadSell near month Put Sell near month Call at same strike Buy far month Put at same strike Buy far month Call at same strike
StraddleStraddleBuy Put Buy Call at same strike
Straddle vs. Call/Put3 Way: Straddle vs. CallBuy Put Buy Call at same strike Sell Call at any strike
3 Way: Straddle vs. PutBuy Put Buy Call at same strike Sell Put at any strike
StrangleStrangleBuy Put Buy Call at higher strike
Synthetic Conv/RevSynthetic Underlying

This is a standard Conversion/Reversal strategy but without the underlying leg.

Buy Call Sell Put at same strike

Conversion: As above but sell in trading window

2x1 Ratio2x1 Ratio Call SpreadSell Call Buy two Calls at higher strike
2x1 Ratio Put SpreadSell Put Buy two Puts at lower strike