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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