Buying Swing: buying TSLA 250 calls position at .20 doublin

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MMASSASSIN
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Buying Swing: buying TSLA 250 calls position at .20 doublin

Post by MMASSASSIN »

Buying Swing: buying TSLA 250 calls position at .20 doubling the leg connected to the cOB cal open body butterfly. TSLA hit the 38.2% fib extension at 239.46 and pulled back. If we were to get a follow trough above it then that would represent a big TSLA breakout and parabolic move should have a stronger stance to benefit from short covering.
We have not yet re entered the short body but are ready to do so if this pull back continues even at a loss.

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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