'Jade Lizard' Trade Idea for January 2025 Expiration
JD Jade LizardCall credit spread:
Buy JD $46 Call 1/17/2025
Sell JD $45 Call 1/17/2025
-[SHARE PRICE: $40]-
Short Put:
Sell JD $35 Put 1/17/2025
Limit price: $2.45 (credit to open)
Jade Lizard = Credit from short put (below the price) exceeds the max loss of call credit spread (above the price).
Expiration scenarios:
(1) Share price above $46 @ expy, then profit of $145, (no risk to upside with a 'jade lizard' trade).
(2) Share price between $35-$45 @ expy, then profit of $245.
(4) Share price below $35 @ expy, then assigned to buy 100 shares at an avg cost of $32.55, (likely support, you should be so lucky).
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