TSLA looks to be trending lower as it continues toward its destination I plan to capture some profits using an iron condor.
IV is really high at around 50
180/185/240/245 $150/350 Profit/Risk June 21 EXP
Profit Target to be expected by June 10-14
Profit Target is $80 max loss is $160
This is a journal entry and not trading advice.
Comment
Changed strikes to 165/170/235/240
Trade closed manually
I took a profit of $48 I didn't end up taking my original target of $80 a few days ago when I had the chance, I ended up getting out of the trade due to their investor meeting today which ended up being a good move as it moved to 224. I ended up wanting to hold till exp to get the full profit.
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