$TXN Options Iron Condor: Credit $177, Max Profit $177 on 2026-04-17 📊
📑 Contracts
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Sell to Open 1× $210 Put (Bid $2.14, Ask $2.45)
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Buy to Open 1× $205 Put (Bid $1.11, Ask $1.30)
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Sell to Open 1× $220 Call (Bid $2.01, Ask $2.46)
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Buy to Open 1× $225 Call (Bid $0.86, Ask $1.08)
💰 Financials
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Net Credit: $1.77/share ($177 per lot)
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Max Profit: $177 (credit received)
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Max Loss: $323 [(width $5 − credit $1.77) × 100]
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Break-Evens: $208.23 and $221.77
🎯 Thesis
Neutral on $TXN into 2026-04-17 expiration. Stock at $214.98 looks range-bound after a sharp run-up. High IV (92% percentile) offers rich premiums—ideal to sell volatility with defined risk.
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Risk Mgmt: Exit at 50–65% max profit ($90-$115) or roll tested strikes if breached near DTE.
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Plan: Monetize positive Theta and IV contraction while defending wings if price moves past $210 or $220.
⚠️ Disclaimer: This is not financial advice. Options trading involves risk and may result in significant capital loss. Past performance does not guarantee future results. Always consult a financial advisor before trading.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
