Buying Swing: NIO weekly 45 puts at 1.50 same contract amount as the 42 puts puts that correspond to older butterfly as
Posted: Wed Nov 18, 2020 9:35 am
Buying Swing: NIO weekly 45 puts at 1.50 same contract amount as the 42 puts puts that correspond to older butterfly as a wing. This bearish stake helps hedge our TSLA bullish butterfly that is now in the money. We can now easily move the butterfly body from 40 to 43.50 when were ready to reduce exposure or lock in profits
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 !!