Option Traders Ride the Profit in $TSLA

Iron Condor option traders in our Time Bandit Option trading service entered the Tesla trade on March 1st.

Analysis showed support and resistance around the 305 and 355 strikes.

Option traders bought the 295 puts and 365 calls and sold the 305 puts and 355 calls for about $1.40 per option spread.

The stock dropped from its triple top on 2-27 to fall below the 50 and 200 day Simple Moving Averages.  The 100 day SMA acted like a price magnet while we were in this trade.

Our subscribers were able to collect the full $1.40 per spread or $140 premium collected!