TNA Trade Recap

Stock / Symbol: Small Cap 3x Bull / TNA
Option Strategy: Iron Condor
Trade entry date / price: 19 Jul 2019 / $61.47
Trade exit date / price at this post: 9 Aug 2019 / $55.60

Recap: The position was entered at a credit of $0.55 per contract. The calls and puts forming our iron condor expired worthless, as desired. Our loss on the trade came from the long call we added in the trade adjustment.

Opening Position Details:

Short 2 TNA 2Aug2019 66 calls
Long 2 TNA 2Aug2019 69 calls
Short 2 TNA 2Aug2019 54.5 puts
Long 2 TNA 2Aug2019 51.5 puts

Max Risk: $598 ($490 before adjustment)
Max Reward: $110 before adjustment / unlimited with TNA over $69 by Aug 9th after the adjustment
Profit Range: $54.05 - $66.45
Realized Profit / Loss: ($106) pre-commission
Trade cost: $16.5



Positive Theta

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