Option Traders Lock in Profits in $TSLA

Most investors think option trading is all about catching the momentum in a stock to buy low and sell high.

Well, in our Time Bandit Option trading service we take advantage of stocks that we feel will be range bound.

A great example of this is a trade we did this past week in Tesla($TSLA).

We used the Iron Condor Option Strategy to bet that TSLA would stay under the 325 calls ad above the 270 puts.

If the stock sat within that range our subscribers would lock in all $1.80 for each spread they traded.  So for each spread as long as it sat in between the two red lines, we would get $180($1.8 *100 shares per option).

As you can see from the chart…that takes into a lot of news, reports and tweets the stock sat in a pretty tight range for us!

This service selects 2-4 trades like this every week!