To The Moon

The classic Jade Lizard is already a powerful strategy because it creates income with zero upside risk. But many professional traders use a Jade Lizard Variation to make the structure even safer and easier to manage.

If you're a high-income Singapore investor looking for controlled, consistent returns using options trading, this variation gives you:

✔ A bigger safety zone ✔ A more forgiving downside ✔ Strong income potential ✔ A clean, defined-risk structure

Let’s break it down in the simplest way possible.

What Is a Jade Lizard Variation?

A standard Jade Lizard is:

• Sell a Put

• Sell a Call Spread

The variation simply widens the put side, meaning you choose a put that is further out-of-the-money.

This instantly makes the trade:

✔ Lower risk ✔ Easier to manage ✔ More stable ✔ Less likely to challenge your downside

You still collect premium — but with a better probability of success.

How the Jade Lizard Variation Works

You choose:

1️⃣ A further out-of-the-money put → safer downside buffer

2️⃣ A slightly tighter call spread → removes upside risk

3️⃣ A credit that is still meaningful → your income cycle continues

This setup allows you to earn money even when the stock does absolutely nothing — which is one of the goals of high-income options trading.

Real ~$1,000 Example (SPY)

SPY trading at $500.

You might structure the variation like this:

• Sell the 475 Put (far OTM)

• Sell the 510/515 Call Spread

Because the put is far away from the current price, the trade is:

✔ Safer ✔ More stable ✔ Less likely to require adjustments

You collect around $3–$4 credit, depending on volatility. Size it to reach ~$1,000 per trade.

When This Strategy Works Best

A Jade Lizard Variation is perfect when:

• Markets are choppy but not trending

• You want low stress income

• You prefer fewer adjustments

• Volatility is high enough for good premium

• You want “zero upside risk” with safer downside

This is why it’s a favourite among disciplined high-income traders.

When It Struggles

Like most income trades, this strategy struggles when:

• The stock experiences a sudden crash

• Volatility collapses right after entry

• You choose strikes too aggressively

But because the put is further away, the variation is safer than the classic lizard.

Why High-Income Singapore Investors Use This Strategy

✔ Lower downside risk than traditional Jade Lizards ✔ Still eliminate upside loss ✔ Works well with ~$1,000 capital ✔ Great for sideways markets ✔ High probability of success ✔ One of the safest income strategies inside the Best Options Trading Course in Singapore for Millionaires

This is a strategy for investors who value stability over excitement — and prefer reliable cashflow.

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