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The jade lizard is one of those bullish spreads with limited maximum profit, and no risk on the upside. It is a combination of a short put with a short call spread . The credit this creates is higher than the span of the spread. To set this up, two actions are required:

As a trader, you may find yourself frequently trying to ignore or rationalize emotions.  You may have even created your own “solutions” to manage them. You exit early to lock up profit and avoid a potential blow-up if the trade turns against you.

A large percentage of the Steady Options community consists of do it yourself (DIY) investors who prefer to manage their own trading and long-term investing accounts. This is a great way to gain firsthand experience about how markets work, but at times it may be beneficial to get professional input on investing and other personal financial planning decisions.

The classic 60/40 stock/bond portfolio has stood the test of time in both hypothetical and live fund results from multiple fund sponsors such as Vanguard, Fidelity, and American Funds. 60/40 balances enough in equities (60%) to generate long-term growth with enough in high quality bonds (40%) to manage downside risk.

The binary option involves two possible outcomes, which are determined by whether the contract expires in the money. To profit from a binary option, a trader needs to be on the desired side. Exercise is automatic for these products, so that a profit or loss is added to or taken from the trading account immediately upon expiration.

The LEAPS (long-term equity appreciation securities) is an option that does not expire for as long away as 30 months or so, but is it a better alternative than shorter-expiring contracts? Traders selling covered calls may be attracted to the premium of 11 on an ATM strike, versus the less appealing 1.5 on a 2-week contract.

The CBOE Volatility Index, known by its ticker symbol VIX, is a popular measure of the stock market's expectation of volatility implied by S&P 500 index options, calculated and published by the Chicago Board Options Exchange (CBOE).VIX is considered by many a "Fear Index".

The typical barrier option yields a payoff when the underlying reaches a predetermined price. Expanding on this idea is the double barrier option. This expansion of the barrier option is most applied to currency trading, indices, commodities, or OTC options, but not exchange-based trading.

Some options produce a payoff if the underlying reaches a preset price. This is a great advantage of the barrier option because traders can expect profits (or worthless expiration) depending on the underlying behavior. The barrier refers to methods by which the underlying expires, as well as whether the price moves in the desired direction.

My firm is frequently asked if it can pay people for referrals, and the short answer is “probably.”  The SEC calls third parties who send investment clients to investment advisors “solicitors,” and there is a specific rule governing solicitors and solicitor arrangements – SEC Rule 206(4)-3.

Most traders would agree that it would be a great advantage to decide whether to exercise an option with knowledge about past performance. Being aware of the odds an option will expire worthless gives the trader a significant advantage.

Traders have long known that options can be opened on many different securities. Among the most ingenious of these are options on options. There are four types of these: call on a call (CoC), a call on a put (CoP), a put on a call (PoC), and a put on a put (PoP).