Buying Swing: buying TSLA 220 puts same contract amount as

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MMASSASSIN
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Buying Swing: buying TSLA 220 puts same contract amount as

Post by MMASSASSIN »

Buying Swing: buying TSLA 220 puts same contract amount as the 230 calls at open as we hit 230 resistance level. We have a butterfly on calls with credit risk since its 230 232.50 240, so we are watching 235 calls closely to add a long wing and remove the credit risk if we continue passed 230.

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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