Buying Swing: buying 140 weekly calls at .30 OVERSIZED wit
Posted: Mon Apr 09, 2012 9:42 am
Buying Swing: buying 140 weekly calls at .30 OVERSIZED with intent of terming this long leg into a credit spread later on after an intraday bounce. Also bought TSLA stock again for a bounce at 33.70 area 2x oversized with intent of selling this enormous new position at 34.50 or before the close. mental stop is the day lows . since a stock stake is 5 times the money allocation of an options stake this is 10 times the money allocation of an option stake so enormous stake. The news of share selling is old news now rehashed this is why am buying for the day trade.
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 !!
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 !!