this is a simple idea if you think tsla will not get over 241 in 50 days. give a small profit until 236 where the profit grows 3 times, and has no risk if price remains below BE marked on chart
long oct 230 call and short 2 oct 235 call for a $1 credit
long oct 230 call and short 2 oct 235 call for a $1 credit
Note
This trade played to the trade idea well, I was not sure we were at a bottom on this stock but wanted to take advantage of the stock being took down because the spaceX rocket blowing up. So we still have time for this to be a very correct trade and if not it can fall right out of bed and we get a small winner. I am fine either way, and will let time work and see where we land in 20 daysNote
so far a perfect long and simultaneous short trade, just let it workNote
Isn't it great you can put on a trade be completely wrong in direction and still make money!Note
Lie trades you can decide to not even check on
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.