Despite being stopped out twice during the five days last week, TSLA short strangles once again had a double-digit gain, 15%.
This strategy since introduced here six weeks ago, in early February, on TSLA, a volatile stock with liquid weekly options, has had a double-digit return every week.
The cumulative gain is now 76% for the six weeks on a maximum margin requirement (as calculated by the CBOE) of $20,000 per contract.
The values on the table below for last week’s short-strangle trades are per contract.
The reference for this strategy is this link: $TSLA – Day trading short strangles for simplicity’s sake.