Learn how to defend jade lizards for neutral to bullish assumptions. This options strategy is constructed by selling an OTM call spread against an OTM short put, for a credit that is greater than the width of the call spread to remove all risk to the upside. Watch Mike give his top three adjustments for managing jade lizard strategies.

0:00 Introduction
0:54 Opening Trade
2:05 Max Profit
4:30 If Stock Moves Down
7:29 If Stock Moves Up
10:53 If Stock Stays Same
12:25 Takeaways

#optionstrading #options #optionstrategy

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This video and its content are provided solely by tastylive, Inc. (“tastylive”) and are for informational and educational purposes only. tastylive was previously known as tastytrade, Inc. (“tastytrade”). This video and its content are not, nor are they intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Supporting documentation for any claims, comparisons, statistics, or other technical data, if applicable, will be supplied upon request. Multi-leg option strategies incur higher transaction costs as they involve multiple commission charges. Please read the Characteristics and Risks of Standardized Options Disclosure prior to trading options. This video and its content were created prior to the legal name change of tastylive. As a result, this video may reference tastytrade, its prior legal name.