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Jade Lizard
income Uncapped riskShort premium with no upside risk.
When to use it
Mildly bullish with high IV. A short put plus a short call spread sized so total credit ≥ the call-spread width — eliminating all upside risk.
Max profit
Total credit collected.
Max loss
Downside only (like a CSP below the put).
Payoff at expiry
illustrative shape — not to scale
■ profit zone
■ loss zone
X axis = stock price at expiry →
How it's built
Strikes shown low→high. Sell = collect premium · Buy = pay premium for protection or upside.
Hermes-evaluated setups
High-conviction per-ticker applications — setups with a confidence-adjusted win rate ≥ 80% over ≥20 backtested trades (95% lower bound — honest for the sample size, never a raw 100%). Avg P/L is the mean profit/loss per one-contract position.
| Ticker | Win Rate | Avg P/L / contract | Sharpe | Trades | DTE |
|---|---|---|---|---|---|
| APP | 81% | +$1,571.00 | 4.6 | 41 | 11 |
| KLAC | 93% | +$1,457.00 | 4.8 | 52 | 21 |
| GEV | 91% | +$1,242.00 | 4.7 | 37 | 13 |
| LLY | 91% | +$1,129.00 | 4.6 | 39 | 30 |
| STRL | 85% | +$928.00 | 3.6 | 33 | 8 |
| LITE | 83% | +$909.00 | 2.2 | 30 | 24 |
| TSLA | 88% | +$793.00 | 3.2 | 42 | 21 |
| ASML | 80% | +$743.00 | 1.9 | 48 | 21 |
| UNH | 84% | +$702.00 | 3.3 | 32 | 45 |
| QQQ | 83% | +$624.00 | 2.2 | 30 | 54 |
| AVGO | 89% | +$613.00 | 6.4 | 31 | 19 |
| HD | 84% | +$612.00 | 2.2 | 32 | 53 |
| ARM | 83% | +$605.00 | 5.7 | 30 | 12 |
| COHR | 85% | +$589.00 | 4.0 | 33 | 22 |
| XYZ | 90% | +$563.00 | 6.7 | 36 | 12 |
| VST | 86% | +$474.00 | 4.3 | 37 | 7 |
| CBOE | 84% | +$457.00 | 5.6 | 31 | 40 |
| CLS | 83% | +$447.00 | 1.4 | 47 | 7 |
| SAP | 87% | +$425.00 | 2.1 | 38 | 25 |
| SMH | 90% | +$420.00 | 8.5 | 34 | 25 |
| PH | 84% | +$415.00 | 1.4 | 32 | 21 |
| BRK-B | 87% | +$407.00 | 5.9 | 39 | 10 |
| AMAT | 95% | +$400.00 | 4.6 | 73 | 19 |
| QCOM | 91% | +$398.00 | 7.9 | 37 | 33 |
| VRTX | 89% | +$381.00 | 1.8 | 46 | 21 |
| IWM | 85% | +$370.00 | 3.0 | 35 | 44 |
Backtested results are not a guarantee of future performance.