Buying Swing: first we bought TSLA 235 puts at 2.35 -.50 ar

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MMASSASSIN
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Buying Swing: first we bought TSLA 235 puts at 2.35 -.50 ar

Post by MMASSASSIN »

Buying Swing: first we bought TSLA 235 puts at 2.35 -.50 area then 225 puts at .28 area same contract amount as the 215 puts we entered on friday. The intention here is to either butterfly at 230 at the close if we do not get much bearish action, or if we do get strong bearish move, we can butterfly at 220 and debut at 230. It allows us to have a strong bearish position but with controlled risk overnight.
On the calls side yesterday we legend into what became a 240 245 250 cB also of the same contract amount allowing us to have a bit of a strangle type result as far as positioning is concerned .

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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