$HAL Jade Lizard Trade for 1/17 Expiration
Updated
Jade Lizard
Call credit spread:
Buy HAL $35 Call 1/17/2025
Sell HAL $34 Call 1/17/2025
-[SHARE PRICE: $30.47]-
Short Put:
Sell HAL $30 Put 1/17/2025
Limit price: $1.51 (credit to open)
Jade Lizard = Credit from the short put (strike price below the price) exceeds the max loss of the call credit spread (strike prices above the price). No risk to upside.
Outcomes @ expiration (assuming I don't buy to close prior):
a) Profit of $50 if the share price is up to infinity @ expiration.
b) Profit of $151 if the share price is between $30 and $34 @ expiration.
c) If the price is below $30 @ expiraton I will be assigned to purchase 100 shares @ an average cost of $28.49 per share ($2,849)
Call credit spread:
Buy HAL $35 Call 1/17/2025
Sell HAL $34 Call 1/17/2025
-[SHARE PRICE: $30.47]-
Short Put:
Sell HAL $30 Put 1/17/2025
Limit price: $1.51 (credit to open)
Jade Lizard = Credit from the short put (strike price below the price) exceeds the max loss of the call credit spread (strike prices above the price). No risk to upside.
Outcomes @ expiration (assuming I don't buy to close prior):
a) Profit of $50 if the share price is up to infinity @ expiration.
b) Profit of $151 if the share price is between $30 and $34 @ expiration.
c) If the price is below $30 @ expiraton I will be assigned to purchase 100 shares @ an average cost of $28.49 per share ($2,849)
Trade active
Opened on 11/19 for $151.
Closable on 11/21 for ~$105.
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