ADJUSTMENT: SOLD -1 VERTICAL TSLA 100 19 NOV 21 1000/930 PUT @5.44 ISE

Published Date : 11/08/2021
ADJUSTMENT: SOLD -1 VERTICAL TSLA 100 19 NOV 21 1000/930 PUT @5.44 ISE

Rolling up the short put FROM $930 to $1000 for additional credit of $5.44

Now we have an Iron Condor with short puts spread at $830/$1000 and short call spread at $1050/$1025.

The breakeven point on the put side is still outside the expected move and we still have some room available to adjust this and capture more credit later in the week

The stock is being challenged on the call side and we have reduced that risk further by this additional premium.

Till date, the total premium captured in the Iron Condor is: $19.25

 

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