Jade Lizard Options Strategy Explained: Collect Premium With ZERO Upside Risk
Jade Lizard: a short put plus a short call spread, sized so the credit covers the spread’s width. Zero risk on a rally, full premium in the middle, risk only below.
Learn how the Jade Lizard collects option premium on both sides of the market while removing upside risk. We build it step by step with a full worked example, covering max profit, breakeven, max loss and three expiration scenarios. For educational purposes only, not financial advice.