Buying Swing: TSLA continuing puts calendar butterfly strat
Posted: Fri Mar 27, 2015 2:17 pm
Buying Swing: TSLA continuing puts calendar butterfly strategy.
Today the weekly put of TSLA 190 and 180 puts expire out of witch we are locking in about 50x Profit. But the April 180 puts remain a credit risk.
buying TSLA next week
weekly 180 and 175 puts
This leaved us with a
180 180 175 pCB put credit butterfly
longs next week short is April still 10 spread in mind
buying 172.50 167.50 162.50 pB
same contract amount as the calendar play.
buying 165 160 155 pB 1x oversized
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 !!
Today the weekly put of TSLA 190 and 180 puts expire out of witch we are locking in about 50x Profit. But the April 180 puts remain a credit risk.
buying TSLA next week
weekly 180 and 175 puts
This leaved us with a
180 180 175 pCB put credit butterfly
longs next week short is April still 10 spread in mind
buying 172.50 167.50 162.50 pB
same contract amount as the calendar play.
buying 165 160 155 pB 1x oversized
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 !!