Iron Condor Option Traders Bank Profit in $TSLA

In our Time Bandit Option Trading Service service that focused on premium collection through the Iron Condor option strategy… we discussed using Tesla ($TSLA) for a potential option trade.

In TSLA we discussed the 330-370 Iron Condor.  We bought the 320 Puts and sold the 330 Puts and sold the 370 Calls and bought the 380 Calls.

We collected about $1.50 of  premium in this stock.

As you can see from the chart below the stock stayed within the range from Jan 18th to the 26th so we were able to collect the full premium.

So for each contract that was traded you would have collected the full $150.

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