Turning a Losing Trade into a Winning Trade: A Real-World Example with TSLA
$TSLA Vertical 241220 437.5P/442.5P$$TSLA Vertical 241220 440.0C/445.0C$ Trading is as much about managing risk as it is about making the right calls. Recently, I faced a challenging situation with a TSLA options trade, but with careful monitoring and a strategic adjustment, I turned a potential loss into a profitable outcome. 📉 The Initial Trade: Vertical Put Spread • On December 16, 2024, I sold a vertical put spread (437.5-442.5) when TSLA was trading at $448 and showing strong upward momentum. • However, on December 18, the market turned sharply bearish, and TSLA dropped to
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Refining My Options Strategy I carefully analyze market trends to identify the best opportunities for buying or selling options. By calculating margins and potential risks, I ensure my trades are both strategic and secure. Each step refines my skills, turning every trade into a learning experience.