| Leg | Strike | Action | Role |
|---|---|---|---|
| Long Put | ATM − $15 | Buy | Outer put wing — defines max loss on downside |
| Short Put | ATM − $10 | Sell | Lower short strike — profit if TSLA stays above |
| Short Call | ATM + $10 | Sell | Upper short strike — profit if TSLA stays below |
| Long Call | ATM + $15 | Buy | Outer call wing — defines max loss on upside |
| Net credit at open (9:38 ET) | Max profit = credit × 100 × 40 (if TSLA stays between ±$10 of ATM) |
| TSLA moves > $10 from ATM toward a short strike | Partial loss; full wing loss if breach exceeds $15 |
| Max loss per trade | ($5 wing − credit) × 100 × 40 |
| Avg net credit collected | $2.2128 per share |
| Auto-exit profit target | Close if P&L ≥ +90% of max profit |
| Auto-exit stop loss | Close if P&L ≤ −80% of max profit |
| Average winner | +$899 |
| Average loser | $-1,827 |
| Best trade | +$1,960 (2026-06-25) |
| Worst trade | $-5,800 (2026-07-02) |
| Total gross wins | +$13,480 |
| Total gross losses | $-16,440 |
Total P&L of $-2,960 over 25 trades. TSLA's high realized intraday volatility during this period caused frequent short-strike breaches.
The live script monitors positions every 5 minutes and exits intraday when thresholds are hit. This backtest applies +90%/−80% at the 14:20 bar close only — stop losses and profit targets will be understated relative to live.
TSLA can move $20–$50 in a single session. The $10 short spread provides a narrow profit zone. Wing width of $5 caps loss per side but max loss ($5 − credit) × $4,000 per breach is still material. Consider widening the short spread or reducing qty during high-IV regimes.
📋 Full Trade Log is not displayed on mobile devices to prevent page freezing. View this report on a desktop browser to see all 25 trades.
| Date | Day | Expiry | TSLA Open | ATM | LP/SP/SC/LC | Credit Open | Credit Close | P&L | Cum P&L | Exit |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-01-20 | Tuesday | 2026-01-23 | $424.79 | 425 | 410/415/435/440 | $2.4100 | $2.3300 | +$320 | +$320 | SCHED |
| 2026-01-28 | Wednesday | 2026-01-30 | $434.73 | 435 | 420/425/445/450 | $3.5200 | $3.4700 | +$200 | +$520 | SCHED |
| 2026-02-03 | Tuesday | 2026-02-06 | $425.41 | 425 | 410/415/435/440 | $2.2800 | $2.6500 | $-1,480 | $-960 | SCHED |
| 2026-02-05 | Thursday | 2026-02-06 | $400.14 | 400 | 385/390/410/415 | $2.1300 | $1.7200 | +$1,640 | +$680 | SCHED |
| 2026-02-09 | Monday | 2026-02-13 | $410.00 | 410 | 395/400/420/425 | $2.7000 | $3.0000 | $-1,200 | $-520 | SCHED |
| 2026-02-11 | Wednesday | 2026-02-13 | $434.79 | 435 | 420/425/445/450 | $2.0400 | $2.1700 | $-520 | $-1,040 | SCHED |
| 2026-02-18 | Wednesday | 2026-02-20 | $410.38 | 410 | 395/400/420/425 | $2.0000 | $1.9500 | +$200 | $-840 | SCHED |
| 2026-02-26 | Thursday | 2026-02-27 | $410.50 | 410 | 395/400/420/425 | $1.2900 | $0.9300 | +$1,440 | +$600 | SCHED |
| 2026-03-02 | Monday | 2026-03-06 | $394.80 | 395 | 380/385/405/410 | $2.6900 | $2.4000 | +$1,160 | +$1,760 | SCHED |
| 2026-03-05 | Thursday | 2026-03-06 | $405.09 | 405 | 390/395/415/420 | $1.4400 | $1.3200 | +$480 | +$2,240 | SCHED |
| 2026-03-11 | Wednesday | 2026-03-13 | $409.55 | 410 | 395/400/420/425 | $1.9600 | $1.7400 | +$880 | +$3,120 | SCHED |
| 2026-03-16 | Monday | 2026-03-20 | $399.71 | 400 | 385/390/410/415 | $2.4200 | $2.3800 | +$160 | +$3,280 | SCHED |
| 2026-03-17 | Tuesday | 2026-03-20 | $395.07 | 395 | 380/385/405/410 | $2.1300 | $2.0400 | +$360 | +$3,640 | SCHED |
| 2026-03-18 | Wednesday | 2026-03-20 | $400.21 | 400 | 385/390/410/415 | $1.6900 | $1.4500 | +$960 | +$4,600 | SCHED |
| 2026-03-25 | Wednesday | 2026-03-27 | $395.05 | 395 | 380/385/405/410 | $1.8800 | $1.7500 | +$520 | +$5,120 | SCHED |
| 2026-05-07 | Thursday | 2026-05-08 | $410.09 | 410 | 395/400/420/425 | $1.8300 | $1.3700 | +$1,840 | +$6,960 | SCHED |
| 2026-05-11 | Monday | 2026-05-15 | $420.41 | 420 | 405/410/430/435 | $2.8500 | $3.5700 | $-2,880 | +$4,080 | SCHED |
| 2026-05-20 | Wednesday | 2026-05-22 | $409.72 | 410 | 395/400/420/425 | $2.2800 | $2.4700 | $-760 | +$3,320 | SCHED |
| 2026-06-02 | Tuesday | 2026-06-05 | $415.00 | 415 | 400/405/425/430 | $2.5100 | $2.7900 | $-1,120 | +$2,200 | SCHED |
| 2026-06-04 | Thursday | 2026-06-05 | $425.15 | 425 | 410/415/435/440 | $1.8800 | $1.5400 | +$1,360 | +$3,560 | SCHED |
| 2026-06-22 | Monday | 2026-06-26 | $399.70 | 400 | 385/390/410/415 | $2.3800 | $2.8500 | $-1,880 | +$1,680 | SCHED |
| 2026-06-23 | Tuesday | 2026-06-26 | $389.88 | 390 | 375/380/400/405 | $2.6200 | $2.6200 | +$0 | +$1,680 | SCHED |
| 2026-06-25 | Thursday | 2026-06-26 | $375.24 | 375 | 360/365/385/390 | $1.5200 | $1.0300 | +$1,960 | +$3,640 | SCHED |
| 2026-07-02 | Thursday | 2026-07-10 | $419.81 | 420 | 405/410/430/435 | $2.9000 | $4.3500 | $-5,800 | $-2,160 | SCHED |
| 2026-07-15 | Wednesday | 2026-07-17 | $404.65 | 405 | 390/395/415/420 | $1.9700 | $2.1700 | $-800 | $-2,960 | SCHED |