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
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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 days
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so far a perfect long and simultaneous short trade, just let it work
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Isn't it great you can put on a trade be completely wrong in direction and still make money!
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Lie trades you can decide to not even check on