Buying Swing: creating TSLA 250 247.50 245 pOB put open bod

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: creating TSLA 250 247.50 245 pOB put open bod

Post by MMASSASSIN »

Buying Swing: creating TSLA 250 247.50 245 pOB put open body butterfly. Earlier today we bought 245 puts at .45-.59 same contract amount as the 255 calls, so we are down on that position significantly. Now were buying 250 calls same contract amount at 1.30 area with intention of butterflying very tightly later with the 247.50 puts double short. If we pull back to .90 of better the play should be close to free minus commissions and it helps position us with a smaller valley of death into tomorrow in-between 250-255

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”