Iron Condor Traders Cash in $TSLA

In our Time Bandit Option Trading service we used Tesla to capture premium with an Iron Condor Option Strategy.

The stock has had some volatility from news about production and burning through cash which drove down the price.

It rebounded and has given us a few weeks of nice premium collection.

This past week we chose the 272.5-317.5 Iron Condor and collected about $1.7 per IC entered.

This meant that we bought the 327.5 calls and 262.5 puts as protection against selling the 272.5 puts and 317.5 calls.

As you can see from the chart below that the stock stayed within our short strike range to allow us to collect maximum profit.

For each Iron Condor option spread that was entered subscribers collected $170.