Multi-leg strategies
What is a Jeep Spread and how does it modify traditional multi-leg risk boundaries?
By Easy Money Scanner · Educational reference · Not investment advice
The short answer
A Jeep Spread is informal trader terminology for an asymmetric or broken-wing-style multi-leg structure that modifies standard width to skew risk toward one side; it is not a formally standardized OCC strategy name.
How it works
Because it lacks a single standardized definition, traders should clarify exact strike construction with any source using this term rather than assuming it matches established strategies like the broken wing butterfly.
An example
A trader describing a 'Jeep Spread' may mean a butterfly with uneven wing widths designed to eliminate risk on one side, similar in concept to a broken wing butterfly.
Risk & limitations
Non-standard terminology varies by community and broker platform; always verify exact strikes and risk profile rather than relying on an informal strategy label alone.
Examples are hypothetical, not trade recommendations. US contract and regulatory references do not automatically apply in Canada. Rules, margin requirements and broker policies can change; confirm them with the relevant authority and your broker.