Buying Swing: buying 490 500 510 weekly cB = call butterfly 2X OVERSIZED before the close at around .25-.30 . The thin
Posted: Wed Oct 14, 2020 11:57 am
Buying Swing: buying 490 500 510 weekly cB = call butterfly 2X OVERSIZED before the close at around .25-.30 . The thinking here is not to get max profit on this butterfly but have a bullish hedge for incase TSLA was too begin a rally. On a rally we could easily look for an exit on this butterfly at 3 buck and have garnered 1,000 % gain . Since we have a triangle breakout the possibility is real of massive continuation. Ofcorse if legs already exist at any strike price it becomes mathematical equivalent .
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 !!
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 !!