Jade Lizard

From iOptioneer - an advanced option trading reference for iPhone

A jade lizard is a bear call spread (a bearish vertical call spread) enhanced with a short put option with the same expiry and a strike lower than the lower call strike of the bear spread. The idea of the jade lizard is to get additional profit by using the nature of the volatility skew, which makes out of the money puts more expensive than out of the money calls.

Download on the App Store

See also bear call spread, naked put, volatility skew.

Want to learn more? Download now an interactive reference application for iPhone.

The screenshot shows the following portfolio:




European call struck at 10.000 with expiry in 30 days


European call struck at 9.000 with expiry in 30 days


European put struck at 8.000 with expiry in 30 days

This is an excerpt from iOptioneer option trading reference application. In order to build the real-time dynamic strategy graph and run simulations you will need to download the application from App Store.

Download on the App Store

If you have any questions about the application, you can write to us at support@ioptioneer.com.