NYSE:AI Jade Lizard Trade Call credit spread: +1 $35 call 12/22 -1 $34 call 12/22 Short put: -1 $25 put 12/22 Credit: ~$155 Outcomes @ Expiration: 1) Share price ABOVZE $35 = $55 profit (BTO CCS). 2) Share price BETWEEN $25 - $34 = $155 profit. 3) Share price BELOW $25 = Sell Calls until assignment.
Call Credit Spread: Buy ABNB $150 Call 10/20 Sell ABNB $148 Call 10/20 Approx credit: $75 Max Loss: $125 risk:reward 1.6:1
NASDAQ:VFS Very bearish Call Credit Spread. Based on the expectation of a huge drop between now and expiration on 9/15. +1 $55 call 9/15 -1 $50 call 9/15 Credit received: $475 If the share price is NOT below $50 on 9/15 I will have to buy to close for approx. $500 (plus maybe a couple more bucks to get the order fill). Another risk is the short strike could...
$PINS 'JADE LIZARD' One neutral/ bullish strategy is a 'Jade Lizard', which is combining a short put with a call credit spread. The idea is that the premium credit from the short put is sufficient to cover the max loss of the call credit spread. And in doing so, the jade lizard setup has no risk to the upside. One thing that is nice about the jade lizard,...
TESLA earnings. I'm certainly not trading this. But it's interesting to see how much wiggle room can be found with volatility to see where the sweet spot is as far as getting a sufficient credit while simultaneously trying to be as far away from the current price as possible. These short strikes allow the price to move +/- 13% in the next four trading days. This...
BUY $52 Call 8/25 SELL $51 Call 8/25 -- -- SELL $37 Put 8/25 Credit $1.79 'Jade Lizard' trade, which is a call credit spread plus a short put such that that credit from the short put more than covers the max loss from the call credit spread. Hence no risk to the upside. This does go through earnings but the 'allowable' moves are pretty chunky (+/-20%). I will try...
Credit TBD ~$150 - $250. Collateral $500. Order Summary: BUY $510 Call 8/25 SELL $505 Call 8/25 --{current share price: $480}-- SELL $460 Put 8/25 BUY $455 Put 8/25
$GM Short Put Trade. 32 days till expiration. -1 $32 Put 4/21 Approx. credit $100. Collateral $3,200. BE = $3,100.
Jade Lizard trade idea. $47 Call 3/24 $46 Call 3/24 $36 Put 3/24 Total Credit $141 Credit from short put will cover the max loss of call credit spread, (hence, no risk to upside. Just reduced profit if price goes up to infinity).
Iron Condor Trade Idea +1 $36 call 3/17 -1 $35 call 3/17 --{share price: $30.59}-- -1 $25 put 3/17 +1 $24 put 3/17 Credit TBD ($20 - $24). Collateral $100. 4:1 risk:reward
$PINS 'JADE LIZARD' Pinterest has been great for iron condors the last six months as it has been ranging between $20 and $27. A similar neutral strategy is a 'Jade Lizard', which is combining a short put with a call credit spread. The idea is that the premium credit from the short put needs to be sufficient to cover the max loss of the call credit spread. And in...
A 'Jade Lizard' trade involves selling a short put and call credit spread such that the premium of the short put covers the max loss of the call credit spread (and then some). The result is no risk to upside. COIN is down 87% (!!) on the year. I'm not convinced enough to take this trade just yet but will decide in the next couple days. The timeframe is 30 days...
Short Iron Condor Idea +1 $340 call 1/6 -1 $335 call 1/6 -- -- -1 $245 put 1/6 +1 $240 put 1/6 $70 credit, $500 collateral 6:1 risk:reward (high risk, low reward)
META 12/16 Expiration. +1 $130 call -1 $125 call --{share price: $110}-- -1 $95 put +1 $90 put $444:$46, ~8:1 risk:reward. High risk, low reward.
'Jade Dragon' trade idea for 1/13/23 expiration. Short put + call credit spread, such that the premium from the put sold covers the max loss of the call spread, hence no risk to upside. $166 credit with price between $25 and $31. $66 credit with price above $32 (once call spread is closed for $100 debit). Assignment to buy 100 shares @ $25 per share...
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...
$KSS Short Iron Condor 12/16 Expiration +1 $37 call -1 $35 call --{share price: $31.5}-- -1 $28 put +1 $26 put $46 credit, $200 collateral. $154:46 or 3:1 risk:reward (high risk, low reward).
01/20/2023 Expiration. $254:$46 risk : reward (5.5 : 1). +1 $35 call -1 $32 call --{current share price: ~$24.35}-- -1 $19 put +1 $16 put