Jade Lizard Trade Idea for 12/23 Expiration

5 Ara 2022

JADE LIZARD TRADE IDEA.

The idea of a jade lizard is to sell an out of the money put below the price, and sell a call credit spread above the price. The premium from the short put needs to be sufficient to cover the max loss of the call credit spread. And in doing so, there is no risk to the upside (still have to close the trade however). This is a trade idea on the neutral-to-bullish spectrum. The rumor is that congress is going to pass more pro-grass legislation before the change-over in the house.

$16 Call 12/23 Exp Buy to Open
$15 Call 12/23 Exp Sell to Open
$11.5 Put 12/23 Exp Sell to Open

Credit $155.00.
Collateral $1,150.

6 Ara 2022

İşlem aktif

Here's what I ended up doing as a live order:

$16 Call 12/9 Buy to Open
$15.5 Call 12/9 Sell to Open
$12 Put 12/9 Sell to Open

Credit $90.