STRATEGY EXPLAINER · 2:43
Twisted Sister Strategy Explainer Video
A Twisted Sister sells an out-of-the-money call and a Bull Put Spread on the same underlying, using one expiration. It is also known as a Reverse Jade Lizard. The position collects a net credit and earns its largest profit between the two short strikes. Its short call remains uncovered, so a large rise can produce unlimited losses.
