Another 'Jade Lizard' Trade for RBLX, Expiration 2/9

13 ม.ค.

RBLX
'Jade Lizard' Trade

Call Credit Spread:
+1 $47 call 2/9
-1 $46 call 2/9

Short Put:
-1 $38 put 2/9

Credit received: $190

Outcomes @ Expiration:

1) If share price is above $47, then $90 profit (close call credit spread for $100).

2) If share price is between $38 and $47, then $190 profit (credit received).

3) If share price is below $38, then I will be assigned to buy 100 shares @ 38/each. Next step: sell calls until assignment.

(With a jade lizard, there's no risk to the upside).

If I have the opportunity to close early I might (due to earnings near the tail end), but I really don't mind assignment to buy the shares. Happy to take the gamble for the premium.