ENPH, Jade Lizard Trade+1 $44 Call 6/20 Buy
-1 $43 Call 6/20 Sell
-{share price: $60.45}-
-1 $35 Put 6/20 Sell
Credit to open: ~$200
IF assigned on short put, then you own 100 shares @ an avg cost of $33/share.
IF the share price is at or above $44/share on 6/20 @ close, then profit is ~$100.
IF the share price is between $35 and $43 on 6/20 @ close, then profit is ~$200 [aka: credit-to-open].
Note
... No risk to upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.