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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 Best Practices episode on the variations of Lizards!

Check out this dough Blog article on Jade Lizard setup

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