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Big Lizard Calculator
Income & CreditneutralUndefined Risk
A wider-wing Jade Lizard variation that sells a put and a wider call spread for more credit.
What Is a Big Lizard?
A wider-wing Jade Lizard variation that sells a put and a wider call spread for more credit. This strategy has a neutral outlook and undefined risk.
Setup
SELL1x OTM2 PUT
SELL1x OTM1 CALL
BUY1x DEEP-OTM CALL
Max Profit
Net credit received
Max Loss
Short put strike - net credit if stock falls to $0
Breakeven
Short put strike - net credit