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TSLA 02JUL PUT BUTTERFLY

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This topic contains 1 reply, has 1 voice, and was last updated by  Igor 4 years, 9 months ago.

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  • #18270

    Igor
    Keymaster

    TSLA at 580

    This is a bearish trade set up in TSLA with 29 days until expiration. We’re buying a 20 point wide put debit spread and selling a 15 point wide put credit spread:

    BTO 02JUL 580/560 PUT DEBIT SPREAD
    STO 02JUL 560/545 PUT CREDIT SPREAD

    Risk: 3.50
    Reward: 1.50 – 16.50
    POP: 50%

    Risk Profile:

    Order Ticket:

    #18343

    Igor
    Keymaster

    TSLA at 685

    With 2 days to go, this trade is pretty much at a max loss. I will let this trade run out.

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