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Buying Swing: creating TSLA 290 295 300 cOB by buying TSLA

Posted: Mon Feb 13, 2017 10:47 am
by MMASSASSIN
Buying Swing: creating TSLA 290 295 300 cOB by buying TSLA 290 calls at .80-.85 20X Oversized and 300 calls same contract amount. Now we have a other open body or closed body butterfly on either puts or calls from here on in if we see volatility. For nearishly ow we have entered the short body on the puts 265 but are ready to reverse the exposure bearishly if we do not see continued strength.

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 !!