Jade Lizard Trade for 4/5 ExpirationNYSE:SHOP Jade Lizard Trade
+1 $83 call 4/5
-1 $82 call 4/5
-{current share price $76.24}-
-1 $70 put 4/5
~$230 credit.
OUTCOMES :
1) If, @ expiration, share price is > $83, then PROFIT = ~$130, (buy to close credit spread).
2) If, @ expiration, share price is between $70 - $82, then MAX PROFIT = ~$230.
3) If, @ expiration, share price is < $70, then assigned to buy 100 shares. Sell calls until assigned.
