Sold 1 Bull Put Credit Spread on TSLA – 3.4% potential income return in 10 days

On April 18th, 2023, I sold 1 bull put spread on Tesla stock with strike prices at $150 and $145 with expiry on April 28th, 2023. For this trade setup, I was rewarded with $16.96 (after commissions).

When setting up this trade I was looking for a high probability profit trade and chose my strike prices with Delta less than 0.05.

Now, there is always a 5%…