Buying Swing: covering short leg of TSLA 220 215 pDS = put

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MMASSASSIN
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Buying Swing: covering short leg of TSLA 220 215 pDS = put

Post by MMASSASSIN »

Buying Swing: covering short leg of TSLA 220 215 pDS = put debit spread from friday at .80 area. After we did so TSLA passed 230 resistance so rather than take a loss on long leg we short here 217.50 puts at .80 keeping the exposure on spread the same.

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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