Buying Swing: bought 175 puts at .25 same contract amount a

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MMASSASSIN
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Buying Swing: bought 175 puts at .25 same contract amount a

Post by MMASSASSIN »

Buying Swing: bought 175 puts at .25 same contract amount as the 180 puts. This means we held longer than the usual 1x oversized loss but since out bullish bets are still fully exposed were going the butterfly route. At the close we will double short the 177.50 puts. Now on the calls side on TSLA we have strong profits with a strait long 190 and a 190 200 210 cB. Now the strait long 190 we wish to use that as the long leg of a new no risk credit spread by shorting 185 puts at the close same contract amount. This will place us in a bearish profit protection play.

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 !!
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