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Most Traders Build the Jade Lizard Wrong. Here's the 70-30 Rule.
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ticker lesson
Breakdown
0:00lesson
Jade Lizard risk vs strangle
- Real risk is naked put downside
- Jade Lizard = naked short put
- Risk if stock drops = long 100 shares
- Volatility inflation = key factor
1:42lesson
Jade Lizard setup parameters
- True Jade Lizard = 30/70 strike width
- Call spread 30 cents, put 70 cents
- Adjustable width: $5/$10/$20
- Neutral to bullish bias required
3:11lesson
Jade Lizard risk framework
- No free lunch = inherent risk
- Exploits faded theta decay
- Bearish bias requires downward movement
- Apple example = volatile skew opportunity
4:43lesson
Jade Lizard trade execution
- Platform setup: $5 wide strangle
- Third of width = 320 strike
- Eliminates gap-up risk
- Accepts top-side risk for neutral bias
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