Tesla, Inc.
Updated

Opening: TSLA March 15th 165/175/215/225 Iron Condor

560
... for a 3.52 credit.

Comments: Somewhat of a "revenge trade" here after exiting my earnings trade for a small loser.

3.52 credit on BPE of 6.48; 54.3% ROC at max; 27.2% at 50% max.

Generally, will look to take profit at 50% max/adjust untested side on side test.
Trade active
Small delta adjustment here to keep delta/theta <1.0. Rolling the March 15th -215C/165P to the March 15th -205C/155P for a 3.07 credit. Widening by 10; 3.07 credit/6.93 BPE.

Total credits collected: 6.59.
Trade active
Delta adjustment here to keep delta/theta <1.0. Rolling the March -205C/155P to the March 15th -195C/145P for a 3.14 credit on BPE of 6.86. Total credits collected of 9.73.
Trade active
Delta adjustment: Rolling the 145P/-175P up to the 150P/-180P for a 1.04 credit. 10.77 credits collected; delta/theta -11.4/13.7.
Trade active
Delta adjustment: Rolling the 150P/-180P to the 165P/-195P for a 4.22 credit. 14.99 total credits collected on what is now an iron fly: 150/195/195/225.
Trade active
Inverting here by rolling the 165P/-195P to the 170P/-200P for a 1.91 credit. 16.90 in total credits on a 5-wide inversion.
Trade active
Uninverting here from the -195C/-200P to the -195P/-200C for a 5.03 debit. 11.87 credits collected. Delta/theta 8.64/19.22.
Trade closed manually
Closed today for a 11.16 debit. Small winner (.71/$71).

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