Iron Condor on TSLA

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

  1. lylec305

    lylec305

    pumpkin pie lol
     
    #21     Dec 17, 2017
  2. Pekelo

    Pekelo

    Never change a working strategy:

    Selling March IC 290/300/390/400 for $4.15
     
    #22     Dec 18, 2017
    traderlux and lylec305 like this.
  3. Pekelo

    Pekelo

    6 weeks later, and the price is still around $354, this is probably the longest range zig-zag in Tesla's history. I started this thread 7 months ago...
     
    #23     Jan 31, 2018
    lylec305 likes this.
  4. You are right TSLA is caught in a range sort of between 310-380. I havent done your IC but made directional bets in the period any time it was below 320$ and bailing around the 360$ mark - its been consistently profitable.
     
    #24     Feb 1, 2018
    traderlux likes this.
  5. Pekelo

    Pekelo

    Since the price is testing the lower side, although 300* seems to be support, I would sell the Apr 350/360 vertical calls for 1.8, to help out with the possible loss on the put side...

    *Edit: scrap that :)
     
    #25     Feb 9, 2018
  6. Pekelo

    Pekelo

    Only 3 weeks to go and price is back at $351, position is down to $1.1, more than 70% ROI.
     
    #26     Feb 23, 2018
    vanzandt likes this.
  7. :thumbsup:
     
    #27     Feb 23, 2018
  8. newwurldmn

    newwurldmn

    Wow. Three months to earn 1percent on notional and two times where things could have gotten pretty hairy.
     
    #28     Feb 24, 2018
  9. Pekelo

    Pekelo

    Da fuck you talking about? Who cares about notional? It is like shorting a stock at 41 and the stock is down to 11. How is that 1% for you? The amount is really up to you how much you invest in the position, how many contracts you use. That is why I used ROI.
     
    #29     Feb 24, 2018
    markuzick likes this.
  10. newwurldmn

    newwurldmn

    ROP (return on premium) is stupid when looking at the return for shorting options. If your options were all of a sudden worth 50 dollars would you consider that a 1000percent loss? If you shorted the gut strangle instead (which would have been like 104 dollars would you call that a 2percent return?)

    If you shorted a stock at 41 and it went to 11 you would have made 70percent. If you shorted an ATM call instead, was your return better despite the same downside risks?
     
    #30     Feb 24, 2018
    vegamedic likes this.