$Texas Instruments (TXN) Options Strategy: Iron Condor
- Underlying: TXN
- View: Neutral / Range-Bound Consolidation (between $302 and $310).
- Strategy Type: Credit Spread / Volatility Sale (High Probability, Defined Risk)
- Option Contract Portfolio:
- Sell 1 TXN 26 JUL 2024 $310.00 Call @ ~$5.43 (Mid)
- Buy 1 TXN 26 JUL 2024 $315.00 Call @ ~$3.50 (Mid)
- Sell 1 TXN 26 JUL 2024 $300.00 Put @ ~$4.63 (Mid)
- Buy 1 TXN 26 JUL 2024 $295.00 Put @ ~$3.18 (Mid)
- Max Gain & Loss: Max Gain = Net Credit Received (~$3.38). Max Loss = Width of Spread ($5.00) - Net Credit = ~$1.62 per spread.
- Initial Cost/Credit: Initial Net Credit of ~$3.38.
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