Jade Lizard Trade Idea - · Retire On Margin

Ziv Ziv

17d ago (edited) in General discussion

Jade Lizard Trade Idea -

Quick one I wanted to get this out to all members before it's on YT.

I've done it before selling 10-14DTE Jade Lizards on ES/GC/MSTR when the theta decay is worth it.

It's Friday and Gold didn't move much last couple of days so the bet is for this trend to continue.

It's 2 ATR trade because it's 14DTE so 8 ATR has no income.

/GC - $2659.6 price - 2,580-2740-2745 Jade Lizard - $710 income - $11,625 BP - Dec 20th exp.

Jade Lizard means no risk to the upside. You sell naked puts and naked calls and with that credit you buy another call (will explain in the upcoming course) and if Gold goes above the call spread you don't lose.

We only lose if Gold drops below 2,580 in 10 days.

Theta decay of $71 which is very high.

If you have small account and that's too much BP, you can try iron condor and do another spread on the put side. Feel free to reach out with questions.

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