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Jade Lizards and Big Lizards

A Jade lizard is a neutral to bullish strategy that is typically traded when the IVR of the underlying high. A Jade Lizard is a short strangle combined with a long OTM call. This strategy is similar to a strangle but is allowable in an IRA account because of the long call option. 

Check out this Whiteboard segment that explains the difference between Jade & Big Lizards!

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