TESLA - Short Iron Condor Trade Idea:
$255 Call 8/16 Buy
$245 Call 8/16 Sell (delta ~0.06) <--small probability (6%) of being in the money @ expiration.
------{SHARE PRICE: $208}------
$165 Put 8/16 Sell (delta ~-0.08) <--small probability (8%) of being in the money @ expiration.
$155 Put 8/16 Buy
Risk:Reward Ratio: +/-10:1
Expect it to be easy-ish to roll/manage if a short strike is violated, (it's TSLA after all).
$255 Call 8/16 Buy
$245 Call 8/16 Sell (delta ~0.06) <--small probability (6%) of being in the money @ expiration.
------{SHARE PRICE: $208}------
$165 Put 8/16 Sell (delta ~-0.08) <--small probability (8%) of being in the money @ expiration.
$155 Put 8/16 Buy
Risk:Reward Ratio: +/-10:1
Expect it to be easy-ish to roll/manage if a short strike is violated, (it's TSLA after all).
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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.