Atlas Options

A little about finance, a little about geography...

There's a family of option strategies known as "mountain range" options. These involve a basket of different options that compliment and hedge each other in various ways. The specific strategies are named after various mountains or mountain ranges, or sometimes just mountain-adjacent geographic areas (See: Altiplano Option).

The Atlas variety involves a group of options for various stocks. As the expiration date for the options gets closer, the strategy calls for the elimination of the top performing and lowest performing stocks to get removed from the group.

The Atlas Mountains, by the way, run across northern Africa, the part of the continent along the Mediterranean across from Spain and France.