Buying Swing: bought TSLA 230 calls at 3.20 same contract a

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: bought TSLA 230 calls at 3.20 same contract a

Post by MMASSASSIN »

Buying Swing: bought TSLA 230 calls at 3.20 same contract amount as the 240 position so oversized spread in mind is around 32 cents. I know it seams like were chasing a bullish position on TSLA but this looks like continuation may come so we will have a 2x mental stop on what is a very large position with flexibility to move butterfly body down to 235 next or if we want protective hedge on a run if the math aligns short 225 calls and create a low risk credit.

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”