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NaughtyPines
Jun 4, 2019 1:46 PM

OPENING: TSLA JULY 19TH 145/150/215/220 IRON CONDOR 

Tesla, Inc.NASDAQ

Description

... for a 1.75/contract credit.

Metrics:

Max Profit: 175/contract ($88)
Max Loss: 325/contract
Break Evens: 148.25/216.75
Delta/Theta: -.81/2.11

Notes: Back into TSLA (54/76) (high rank/high implied). Sticking with the July monthly and getting greater than one-third the width of the wings in credit. Will look to roll in untested on approaching worthless or on side test. Look to take profit at 50% max.

Trade active

Rolling the short put side up on call side test to the 180/185 for a .67/contract credit; scratch at 2.42.

Trade active

Rolling the put side to the 200/205 for a .55 credit; scratch at 2.97.

Trade closed manually

Closing here for a 4.40 debit, a 1.43 loser. Would rather not hold anything broken into earnings, but rather play a fresh setup for earnings if at all.
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