TSLA, Iron Condor Trade Idea for 8/16 expiration (10 DTE)
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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