Buying Long Term: buying TSLA January 2017 490 leaps 10x ov

[MMASSASSIN]

Buying Long Term: buying TSLA January 2017 490 leaps 10x oversized for no more than 1.40 preferably at 1.20s. The strategy will be to patiently sit on bid with good till cancel orders to start accumulating options. I know the target that we set for the years seamed aggressive at 425 for the year especially when that has been our target since the fall to 140. But with TSLA model 3 demand so high and TSLA re thinking there production ramp up we want to have a strong pie in the sky positioning in place as a kicker once we lock in previous positions. By the way when you want to position in leaps remember liquidity is next to non existent so you want to just sit there even if you don’t fill for days on end at a good bid.

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 !!