TRADING IDEA: TSLA APRIL 22ND 170/175/255/260 IRON CONDOR

Selling a little TSLA premium here ... . Even though the implied volatility rank is not over 70, the implied volatility is 57%, which why I'm going to attempt to squeeze some juice out of this one.

The metrics:

Probability of Profit: 70%
Max Profit: $112/contract
Buying Power Effect: $388/contract

Commentaire:

Filled for a $112; I'll look to take this off for around 50% of max profit ($56/contract).