Buying Swing: covering the TSLA 240 245 cDS short plus 1/2
Posted: Mon Mar 17, 2014 11:12 am
Buying Swing: covering the TSLA 240 245 cDS short plus 1/2 the 245 call butterfly body here creating a cO2B. We used the partial gap cover to position ourselves stronger intraday bullish on and to have more flexibility if we move up again not only to renter the butterfly body at a higher premium, but also to focus on the possibility of a low risk 235 call credit spread. To do this we would need to see a premium of about 7.00 and short the 235 calls the same contract amount of the debit spread from friday and essentially moving the short leg down from 245 to 235. Again we would only do this with the debit strategy and not with the butterfly position.
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 !!