Defined-Risk

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Short BWB

A directional credit structure with tail protection for negative gamma conditions.

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Risk Twist

A financed trend-following structure for negative gamma breakouts.

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1x2 Ratio Backspread

A long-gamma volatility expansion trade for negative gamma environments.

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High-Yield BWB

A directional broken-wing butterfly for slow positive-gamma drift.

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Credit Spread

A directional defined-risk fade when a key positive-gamma level is expected to hold.

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Iron Condor

A range capture play for stable markets without a single dominant magnet.

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Double Diagonal

A volatility crush play using a short 0DTE straddle and longer-dated insurance.

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Iron Butterfly

A defined-risk premium capture play for positive gamma pinning environments.