Buying Swing: TSLA strategy thus far today. At open the str

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MMASSASSIN
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Buying Swing: TSLA strategy thus far today. At open the str

Post by MMASSASSIN »

Buying Swing: TSLA strategy thus far today.
At open the strategy was to cover the short body on TSLA 292.50 calls
We bought TSLA 280 cals 20X OVERSIZED then we double shorted the 287.50 calls against them brining down the butterfly partly.
Once strength was confirmed we doubled the 285 calls then added same contract amount 290 cals as to be able to capture a move up and have the flexibility to increase the 287.50 short body if we failed to continue higher.
So now we have not yet added to the short body but we are ready to do so.

The strategy is to buy aggressive calls but if we see weakness double short the very close in next strike, allowing us to enter positions but if they do not work out , move swiftly into theta short position by double shorting.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!