Buying Swing: we waited a little longer to remove TSLA 267.

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MMASSASSIN
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Buying Swing: we waited a little longer to remove TSLA 267.

Post by MMASSASSIN »

Buying Swing: we waited a little longer to remove TSLA 267.50 short leg at .55 area for both debit and butterfly at .55. We are already at stop territory from exit but since we had moved the butterfly from 270 to 267.50 we captured extra premium with the credit risk. We are right now at support and if we continue to retrace then would look to exit completely the 265 long leg with intention of looking for further down longs as its replacement moving forward.

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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