Opening (Margin): TSLA 2 x 800/2 x 815/1265/1295 Double Double
... for a 6.02 credit.
Comments: Selling a smidge of nondirectional premium in TSLA with 30-day implied at 69.3%. There's a little bit of skew to contend with here, so going with a double double iron condor, selling 2 spreads on the put side at half the delta and half the width of the call side.
25.1% ROC at max as a function of buying power effect; 12.6% at 50% max.
Comments: Selling a smidge of nondirectional premium in TSLA with 30-day implied at 69.3%. There's a little bit of skew to contend with here, so going with a double double iron condor, selling 2 spreads on the put side at half the delta and half the width of the call side.
25.1% ROC at max as a function of buying power effect; 12.6% at 50% max.
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