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Today we will review Carvana (CVNA) and see how to buy the dip by using a protected diagonal strategy. This stock has been selling off quite a bit and you might be anxious to get in on it or pull the trigger. The problem is you don’t want to catch a falling knife. Instead, when doing a trade like this you want to stay protected and cautious on CVNA (Carvana). This is why we might look at doing a diagonal with some extra protection on the downside.

#stocktrading #options #optiontrading #CVNA #CARVANA #tradingoptions

Posted at: https://tradersfly.com/blog/how-to-buy-the-dip-on-cvna-with-an-option-diagonal/

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All of the stocks mentioned in this video along with any other videos we have are opinions and not investment, financial or legal advice. These videos are for general education, information, and entertainment. Do your own due diligence and consult with a registered financial advisor before taking any position since everyone has a different risk tolerance.

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