In studying options pricing a while back, I had learned of the higher order sensitivities of of Speed and Color.
Speed was the rate at which the gamma changes with the underlying.
Color is a measure of the rate at which gamma changes with time to maturity.
However, I rarely come across any discussion of these higher order greeks in any options strategies. Are there any well known options strategies that are used to capture these sensitivities? Or are these sensitivities difficult to capture because they are dominated by the other greeks?