Yes. Long synthetic put at z Short synthetic put at y Short put at x A ladder or xmas tree. Or a condor w/o the wing.
Lets come up with our own name to use on ET, how about Ebola Desert? I was thinking of entering an AAPL Iron Condor sometime this week but due to market conditions I think an Ebola Desert would produce better results. AAPL Iron Condor or AAPL Ebola Desert, what do you guys think? gggg
Following up after some research, I don't think any of these answers are correct, other than the Jade Lizard one. Surely Sosnoff didn't come up with a unique trading strategy that doesn't have a name, did he? Again, sell a call spread and sell a put. ETA: I think Jade Lizard is a term Sosnoff et al coined for the strategy.
A call credit vert is equivalent to a bear debit vert (box arb, exclude carry). So it's been explained correctly by jamesbp before I got involved in this thread.. Long put spread with an OTM short put. I wouldn't expect Sosnoff to know that it's simply a ladder/xmas tree.
Sossy just makes up names for already well established strategies so that his TastyTrade lemmings can't do their own research ... Pathetic really ....