Hi,
I have just started learning options and I have the following put credit spread in ITM for TSLA.
It's currently at 326.
\* Buy put options expiring 14 Feb 2025, strike at 327.5, premium 0.73
\* Sell put options expiring 14 Feb 2025, strike at 337.5, premium 1.19
What are my options? I looked into recommendation and checked on Iron Condor with 337.5-347.5 Call spread, it will help to minimise loss by 12%. I also look into rolling the spread to 31 days and that'd zero the loss but at sell put strike at 340 and buy put strike at 330. I don't know if TSLA will bounce above that price in 31 days.
Thank you very much for any advice.