Buying Swing: expositing TSLA bullishly by covering all of
Posted: Mon Aug 18, 2014 1:01 pm
Buying Swing: expositing TSLA bullishly by covering all of the 270 calls short leg at 1.20-.45.
also adding to long leg of TSLA 265 270 cDS at 2.50 area with 1.45 spread in mind.
We are using the gap cover as a bullish opportunity but if it dose not work were willing to renter the short legs but go for lower strikes of 267.50 as to reduce or remove loss potential, but adding credit risk.
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 !!
also adding to long leg of TSLA 265 270 cDS at 2.50 area with 1.45 spread in mind.
We are using the gap cover as a bullish opportunity but if it dose not work were willing to renter the short legs but go for lower strikes of 267.50 as to reduce or remove loss potential, but adding credit risk.
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 !!