Jade Lizard – Neutral to Slightly Bullish Income Strategy

Jade Lizard is a neutral to moderately bullish strategy where a Put and a Call are sold, and an extra Call is bought above to cap upside risk. When to use: Use this strategy when the market is expected to move slightly upward without a sharp rally. Historic Example: In March 2024,

was expected to stay near ₹1150 with a mild upside bias. • Sell 1110 Put @ ₹26 • Sell 1150 Call @ ₹35 • Buy 1170 Call @ ₹25 Net premium received = ₹36 Profit & Risk: Max Profit = ₹36 Max Loss = Unlimited if price falls sharply below Put strike Key takeaway: Jade Lizard favors time decay and capped upside risk, but downside risk must be respected. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.