Buying Swing: we are turning TSLA 375 370 365 pOB put open body butterfly into a 375 365 —357.50— 345 pB
so in other words, against the 375 and 365 long calls that were in a butterfly before we will buy 345 puts, then double short 357.50 calls making the butterfly twice as large and eliminating valley of death areas inbetween.
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 !!