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Jade Lizard #OPTIONTrade on $YHOO for ThetaForums.com

This trade covers the “Jade Lizard” Trade, with a slight twist, of a further out-in-time long call. This creates an opportunity for a roll of the short put and short call, if needed.  I’ve done these trades with LEAPS with varying degrees of success.  This only goes out a month, which is more consistent of a Calendar Spread (basically, it’s just now a diagonal on the call side versus a vertical)

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