Buying Swing: buying TSLA 205 calls at 1.70-2.00 same contract amount as the 215 to react cOB call open body butterfly . This is a huge TSLA bullish position on the 205 calls but as per strategy mentioned in the room , we would go aggressive if she went below r2 pivot with intention of butterflying next on the 210 strike for the butterfly body.
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 !!
Buying Swing: buying TSLA 205 calls at 1.70-2.00 same contr
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