Buying Swing: buying 210 puts at 2.65-.85 same contract am
Posted: Tue Apr 22, 2014 11:12 am
Buying Swing: buying 210 puts at 2.65-.85 same contract amount as the 215 puts add from earlier today creating a strangle. We are up a nice on the 215 calls we entered at 1.70-.75 now 6.61X OVERSIZED profits. Remember oversized in mind remains .60 as the old butterfly from friday placed us. We want to let her run so we don’t mind taking 1x loss on the puts side as a hedge here. If TSLA runs sharply to 219 next, then would look to buy 215 puts next and double short the 212.50 puts.
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 !!