Tesla

Iron Condor Idea for a 10/21 Expiration

96
I don't think I am going to go for this on Monday (8/28). But it will be interesting the watch if nothing else.
The strike prices are all jagged up due to the split.


TESLA - Short Iron Condor Trade Idea:
Expiration Oct 21st (53 Days (from 8/29)).

Strike Prices to create:
Long Call: $383.33.
Short Call: $380.00.
------
Short Put: $206.67.
Long Put: $203.33.

~$58 credit (as of 8/26 EOD ).
$334 Collateral.

Risk:Reward Ratio: $276:$58, or about 5:1.

Short strikes can accommodate moves of approx. 33% up and 28% down from Friday's (8/26) close price.

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