DALJade Lizard Trade
Expiration (4/4) just prior to earnings (4/9)
BUY (+1) $66 Call 4/4
SELL (-1) $65 Call 4/4
SELL (-1) $51 Put 4/4
CREDIT = ~$150-$200 as of 3/4 market close
If assigned on short put, break-even on 100 shares will be around $49.25
If the price shoots UP to infinity then your profit is limited to credit received (~$175) minus $100 (debit to close call credit spread at max loss) = $75, (there is NO risk to the upside on a jade lizard, only reduced profit).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.