Jade Lizard Trade for 4/5 Expiration

SHOP Jade Lizard Trade

+1 $83 call 4/5
-1 $82 call 4/5

-{current share price $76.24}-

-1 $70 put 4/5

~$230 credit.

OUTCOMES:

1) If, @ expiration, share price is > $83, then PROFIT = ~$130, (buy to close credit spread).

2) If, @ expiration, share price is between $70 - $82, then MAX PROFIT = ~$230.

3) If, @ expiration, share price is < $70, then assigned to buy 100 shares. Sell calls until assigned.