Buying Swing: earlier we covered short leg of TSLA 225 230

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: earlier we covered short leg of TSLA 225 230

Post by MMASSASSIN »

Buying Swing: earlier we covered short leg of TSLA 225 230 cDS at .80-.90. Today we saw as last week, every time we were at critical 218 support we find big volume even below it , and in a strong market it is both shorts and long accumulation. So if we failed to break down, then we have built up a lot of shorts since the videos of the fires and the last round of negative news came out at 230s. This brings up the bullish potential, so we are today removing our August bearish hedges. Plus we believe that bullish short covering could lead to continuation runs.

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 !!
Top

Return to “Swing for the Fences”