Michael:
The G-Tool was introduced as an aid to Road Trip Trade entries. Afterwards additional reporting has been added. The Risk Reversals are the newest addition. These were added as one way to "adjust" RTT positions with a moving market. I did not make a presentation on this, but Dan Harvey did cover the salient points as this was added per information from Dan, with some input from Tom, who may be more well versed with Scott's usage of Risk Reversals.
The risk reversal reports have two sections:
1) a section for specific risk reversals candidates, which may be copied and pasted into TOS, which meet specific criteria specified by Dan Harvey. This criteria is documented within the reports, so if it should ever be modified, it will still be available within the report! So one does not have to "recollect" prior knowledge of the subject (AKA... Senior friendly) ;-)
Followed by
2) a section of raw data table, with some Delta and Expected move parameters to allow one to pick and chose criteria of their own needs.
The Risk Reversal reporting has not undergone modifications in a while. I think I added more shorter term reports as the last modification to the Risk Reversal reports. The copy&paste candidates (1st section) include near zero cost positions primarily with specific directional Expected move criteria.
You should note that Tim Pearson, recently noted that he prefers PUT Debit spreads over Risk Reversals as the Bearish Risk Reversals (from the section 1 candidate list) begin their life with a negative Vega, which may not be aggressive enough initially. If you desire an initial positive Vega for your Bearish risk reversal, you may want to consider different criteria than used for the 1st section candidates. (reminder: the 1st section candidate, just means the list of copy&paste candidates, as opposed to the table of spreads!)
PS: The "senior" reference above is personal, and added as others may appreciate the consideration.
