Big Lizard
High premium collection strategy with downside risk.
Advanced
Market Outlook
neutral
Family
multi-leg
Capital Req
high
Risk Profile
high
Strategy Overview
Key characteristics and when to use
Structure
Short Call Spread + Short Put
Greek Profile
Slightly bullish delta, positive theta, negative vega
Characteristics
CreditNeutralAdvancedHigh Risk
Profit & Loss Formulas
Mathematical breakdown
Max Profit
Net credit received
Max Loss
Put strike - net credit (or call spread width - net credit)
Breakeven
Put strike - net credit