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Buying Long Term: buying TSLA may puts. This will work as a

Posted: Fri Apr 15, 2016 2:02 pm
by MMASSASSIN
Buying Long Term: buying TSLA may puts. This will work as a bearish hedge since it looks like we will get another weekly DOJI on TSLA. So we must now get protective.
210 puts 5x oversized
190 same contract amount
this creates a cOB call open body butterfly and will allow us to butterfly this or turn it into a credit in the event of a retracement

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 !!