Buying Long Term: TSLA Mar monthly strategy bearish hedge
250 240 230 pB 2X oversized
245 240 pDS 2X oversized
240 230 220 pB 1xoversized
225 220 pDS 2X oversized
If we have a push down of these levels on TSLA after earnings, then it will most likely happen within the next month. So to protect bullish position we would want to capture more during the pull back and be able to redirect the positions bullishly of profits. There are several intersecting legs so do the math before hand, but the strategy is designed to profit strongly from 255 to 220.
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 !!