Selling Swing: created TSLA 225 220 pCS put credit spread b

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MMASSASSIN
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Selling Swing: created TSLA 225 220 pCS put credit spread b

Post by MMASSASSIN »

Selling Swing: created TSLA 225 220 pCS put credit spread by shorting the 225 puts at 6.40 area same contract amount of the 220 puts we bought this morning at 2.00 area. This means we have a very low risk of loss and high profit potential credit spread.
So the profit potential is now on this low risk credit spread is 5.80 max profit where the max loss is now only .60 . And since the spread in mind remains .75 we now have 9.66x or 966% oversized profit potential to less than 1x risk. ) . Big smiles we timed the intraday push back nicely.
Also we removed he short body on the TSLA 230 232.50 240 cB to create cOB call open body butterfly flat from entry . This puts us with a put credit and an open body butterfly n calls so strongly bullishly placed.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!