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TSLA 8JUL CALL BUTTERFLY

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This topic contains 1 reply, has 1 voice, and was last updated by  Igor 3 years, 9 months ago.

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  • Author
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  • #18817

    Igor
    Keymaster

    TSLA at 744

    I’m looking for a move towards 800 over the next week or so.

    This is a broken wing call butterfly.

    I’m buying a 750/800 call spread and I’m selling 800/860 call spread to help offset the cost of the call spread I am buying.

    Here’s what this trade looks like:

    Risk Profile:

    Order Ticket:

    #18836

    Igor
    Keymaster

    TSLA at 758

    We have the long 750 call about 8pt ITM

    I’m going to roll this call up to 780 strike, taking all of the downside risk.

    Order Ticket:

    Risk Profile:

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