Iron Condor on TSLA

Discussion in 'Options' started by Pekelo, Jun 12, 2017.

  1. luisHK

    luisHK

    15.78 points, not %
    Down 4.31% on the day, quite a bit less dramatic
     
    #11     Sep 24, 2017
  2. lylec305

    lylec305

    Thanks for correction...
     
    #12     Sep 24, 2017
  3. vanzandt

    vanzandt

    It hit an all time intraday high the day after I posted that. From $379 to $389. Like I said, the chart looked strong. Who knows. I wouldn't short it here though.
     
    #13     Sep 24, 2017
  4. Pekelo

    Pekelo

    The position is down to $3.87. TSLA is at $355 the position after a month is up 20%.
     
    #14     Oct 12, 2017
  5. logis

    logis

    which tool did you use for backtesting?
     
    #15     Oct 24, 2017
  6. Pekelo

    Pekelo

    Some guys have all the luck...

    Price rallied back ($338) and the position is nicely out of the money 3 days to expiry... The IC is down to $1.57, just in case it should be closed and take the 60% ROI.
     
    Last edited: Dec 12, 2017
    #17     Dec 12, 2017
  7. Bet you had a few anxious moments when it went under 305$ though!

    Well done so far!
     
    #18     Dec 12, 2017
  8. lylec305

    lylec305

    You would have done well if you did short it.
     
    #19     Dec 16, 2017
  9. Pekelo

    Pekelo

    True, but Elon's tweet, we trust! I should have sold either lower down another vertical puts (270/260) or at the midpoint vertical calls.

    For the record the IC finished OTM, but I didn't trust it. For the future, I think the delusion still there so I expect TSLA going sideways in the same 300-400 range. As long as the market doesn't tank, these ICs can be still played.
     
    #20     Dec 16, 2017
    lylec305 likes this.