Tesla
Long
Updated

TSLA Long

204
TSLA Long

Current demand Zone (218) confirmed,
Sell put below next two demand

Long entry 225
no Stop
Target 300

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
BuyToOpen OCT, Call butterfly C260/310/360, 5.65
SellToOpen OCT,P125, 6.2, Delta= -0.08
BFF (Buy for free) Entry of a net 0.55 Credit

Sell P125, hold cash 12500/2=6250 in Margin account.
if price between 125 and 260, Get Credit 55.
if price below 125, No stop, allow assignment to accumulate Conservative long term investment.

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