Lingos that I didn't know before

Iceberg order – When executing large futures orders in times of lower liquidity, it can be preferable to work the order slowly to ensure the best result is obtained by the client. An Iceberg order divides this large order into smaller segments, automatically working each segment in the market when the previous one has been filled.

In the money – Also known as ITM, this phrase refers to an option whose strike price is currently profitable. For example, a long call option where the market price is higher than the option strike, or vice versa for a long put option.

Long Butterfly Spread – This is a more complex trading strategy combining 4 options. 1 long ITM call, 2 short ATM calls and 1 long OTM call.This is equivalent to a short straddle, but losses are limited. The profit however, is unable to be as large as with a simple short straddle. We would be selling volatility in this scenario.