Updated
$SHOP JADE LIZARD TRADE, 37 DTE (>$68 on 11/22 preferred)
$NYSE:SHOP JADE LIZARD TRADE, 37 DTE
Sell SHOP $94 Call 11/22
Buy SHOP $95 Call 11/22
~{share price: $81.85}~
Sell SHOP $70 Put 11/22
Credit to open: ~$200
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).
Expiration scenarios:
(1) Share price above $95 @ expy, then profit of $100, (by definition, there's no risk to the upside with a 'jade lizard' trade).
(2) Share price between $70-$95 @ expy, then profit of $200.
(4) Share price below $70 @ expy, then assigned to buy 100 shares at an avg cost of $68.00.
Sell SHOP $94 Call 11/22
Buy SHOP $95 Call 11/22
~{share price: $81.85}~
Sell SHOP $70 Put 11/22
Credit to open: ~$200
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).
Expiration scenarios:
(1) Share price above $95 @ expy, then profit of $100, (by definition, there's no risk to the upside with a 'jade lizard' trade).
(2) Share price between $70-$95 @ expy, then profit of $200.
(4) Share price below $70 @ expy, then assigned to buy 100 shares at an avg cost of $68.00.
Trade active
Opened for $2.00Trade closed manually
Closed for $100. Works for me.
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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.
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.