{"id":217659,"date":"2026-08-25T12:18:07","date_gmt":"2026-08-25T06:48:07","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=217659"},"modified":"2026-08-25T12:18:10","modified_gmt":"2026-08-25T06:48:10","slug":"jade-lizard-nifty-50","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jade-lizard-nifty-50\/","title":{"rendered":"Jade Lizard Nifty 50: Setup, Payoff and Risk Guide"},"content":{"rendered":"
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Nifty 50 level used in this article: Rs 24,216 (as of 24 Aug 2026). Next weekly (Tuesday) and monthly (last Tuesday of the month) expiry: 25 August 2026 (Tuesday). Lot size 65. Nifty 50 retained its weekly expiry slot on NSE under SEBI’s one weekly index per exchange rule; Bank Nifty, Nifty Financial Services, and Nifty Midcap Select lost their weekly contracts instead, in November 2024. Both weekly and monthly Nifty 50 contracts remain available.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The jade lizard Nifty 50 combines a short out of the money put with a bear call spread (a short call and a further out of the money long call), all on the same expiry. With Nifty 50 at Rs 24,216, the jade lizard Nifty 50 is designed so that the total credit collected is greater than or equal to the width of the call spread, which removes upside risk entirely: the position cannot lose money if the index rises, regardless of how far. The trade off is that the short put retains undefined downside risk, similar to a naked short put, making the jade lizard Nifty 50 a directionally asymmetric strategy that profits from a stable to moderately bullish index.<\/p>\n<\/div>\n

The defining feature of the this strategy is its no upside risk design. By collecting a total credit that meets or exceeds the call spread width, the position sacrifices upside profit potential above the credit already collected in exchange for eliminating the possibility of a loss if the index rallies. This distinguishes the jade lizard Nifty 50 from a simple short strangle or iron condor, both of which carry two sided risk.<\/p>\n

The the position is generally considered a premium collection strategy suited to a neutral to mildly bullish outlook, since it explicitly removes concern about the index rising while retaining exposure to a significant decline, similar to selling a naked put.<\/p>\n

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