Iron Condor, neutral option strategy for tsla.

Selling credit of 100  for tsla and max loss of 400, using iron condor ( 4  legs). This is a neutral or a range bound strategy, you need tsla to stay within 350 and 450 upon expiry by dec 20/24 10 dte. This should be a high probability trade if you believe tsla is at peak now.  But if trade do go against you, makesure you cut loss at 200 or 300 depending on your risk tolerance.  But if you firmly believe it will stay between 350 and 450, you can let it expire worthless. But this is not advisable because your short call  and put might get tested, try to close it before expiry.  You decide your own tp level, 50% to 90% and etc. The problem with iron condor is, credit premium is xibei low at times. But that is the nature of this strategy, it's a define risk strategy. This is a high probability trade of 70% above, that is why the premium is so low, risk 400 to make 100. Price has moved, so premium will change today. 

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