Buying Swing: TSLA covered short leg of 230 227.50 pDS at 1

[MMASSASSIN]

Buying Swing: TSLA covered short leg of 230 227.50 pDS at 1.00 from 1.50 yesterday. and bought 235 puts at 2.30 area same contract amount creating a TSLA 235 232.50 230 cOB call open body. TSLA hit our first target of 241.50 area so here we must again protect our calls profits, we have here the flexibility to butterfly, but if we retrace would short the 240 puts against the 235 puts, only if math aligned. So if TSLA here pulls back of our resistance point and the 640 puts gain to 6.75 , we can short them and be in a 11X oversized profit potential to only 1x oversized loss potential, and in a position where premium decay is our buddy ).

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 !!