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Reverse Jade Lizard Calculator
Income & CreditneutralUndefined Risk
Sell an OTM call and an OTM put spread to create a bearish-to-neutral credit strategy.
What Is a Reverse Jade Lizard?
Sell an OTM call and an OTM put spread to create a bearish-to-neutral credit strategy. This strategy has a neutral outlook and undefined risk.
Setup
SELL1x OTM2 CALL
SELL1x OTM1 PUT
BUY1x OTM3 PUT
Max Profit
Net credit received
Max Loss
Unlimited upside risk from the short call
Breakeven
Short call strike + net credit