Options trading live when SPX blows through your short call in 24 hours. The jade lizard was placed with the short call at the expected move by the next morning the market had already exceeded it.
Instead of panicking, Liz and Jenny show exactly why extrinsic value on the long call keeps the trade profitable even through the breach.They close for a profit and immediately reopen a fresh five-day jade lizard at adjusted strikes, walking through every decision in real time. Why one side of risk beats both sides, how to set a GTC order properly, and what to do when the 25% target never gets hit. All of it live.
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CHAPTERS:
00:00 The Trade: Short Call Blown Through in 24 Hours
00:21 Trade Structure: $20 Wide Put, $5 Wide Call, $4.85 Credit
00:43 Why the...