AI
Jade Lizard Trade
Call credit spread:
+1 $31 call 1/19
-1 $30 call 1/19
Short put:
-1 $27 put 1/19
Credit: $135
Outcomes @ Expiration:
1) Share price ABOVE $31 = $35 profit (Buy to close call credit spread).
2) Share price BETWEEN $27 - $30 = $135 profit.
3) Share price BELOW $27 = Sell Calls until assignment.
Call credit spread:
+1 $31 call 1/19
-1 $30 call 1/19
Short put:
-1 $27 put 1/19
Credit: $135
Outcomes @ Expiration:
1) Share price ABOVE $31 = $35 profit (Buy to close call credit spread).
2) Share price BETWEEN $27 - $30 = $135 profit.
3) Share price BELOW $27 = Sell Calls until assignment.