#3 Selling Iron Condors on TSLA Stock

On September 17, 2019 I made another Iron Condors trade on an individual stock, this time on TSLA​

Date: September 17th, 2019

Stock Price: $242.2

Trade Set-Up:

Sell 1 TSLA SEP 20, 230 puts @ $0.58

Buy 1 TSLA SEP 20, 227.5 puts @ $0.40

Sell 1 TSLA SEP 20, 250 calls @ $0.93

Buy 1 TSLA SEP 20, 252.5 calls @ $0.65

  • Premium: $46 Net Credit
  • Maximum Risk: $250 ($204)
  • Potential Return: 18.4% (in 4 days)
  • Breakeven Points:229.82 and 250.28

The plan was to keep the trade until the expiration or adjust legs if needed. In the end, let it expire worthlessly and kept all premium,

Selling on individual stocks in an option, but for right now I've decided to pause selling options on individual stocks, but instead focus on 0DTE index trades

 

Subscribe to Trading newsletter

Join trading newsletter and get notified once the newest trading article is out.
* indicates required

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit Privacy policy