STRATEGY EXPLAINER · 2:34

Reverse Jade Lizard Strategy Explainer Video

A Reverse Jade Lizard, also known as a Twisted Sister, combines an uncovered short call with a Bull Put Spread. It mirrors the Jade Lizard: a sufficiently large credit covers the put spread width, while an unlimited risk remains if the stock rises.

Sponsored · Market Chameleon

Research multi-leg option trades

Explore multi-leg option trades on Market Chameleon alongside your own analysis.

Full screening features may require a paid subscription. Market data is delayed.

THE OPTIONS GUIDE APP

Take the guide
with you.

Learn, explore strategies, and use practical calculators. Wherever you go.

Available for iOS and Android

The Options Guide app’s Learn screen, showing lessons, strategies, markets and tools