Buying Swing: TSLA Monthly Strategy buying monthly March TS

[MMASSASSIN]

Buying Swing: TSLA Monthly Strategy buying monthly March TSLA 347.50 342.50 337.50 pB 2X Oversized put butterfly . We are right now at the fib extension and were up on another put butterfly of the same strikes for the weekly. But as we have seen this is a powerful fib extension point at 342.50 and even though we can move up and down around these levels for the month there is a high likelihood we end up right here for the month. So by placing a monthly pB even though in the money at this level, it can help us with any other positions for the month as a theta hedge, since the magnet is so strong here. It can offset future plays if we continue to see this level serve as a magnet as the chart shows it very well can.

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 !!