$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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