Buying Swing: removing the short leg of the 195 cDS at 1.2

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MMASSASSIN
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Buying Swing: removing the short leg of the 195 cDS at 1.2

Post by MMASSASSIN »

Buying Swing: removing the short leg of the 195 cDS at 1.20 area. Since the initial play has .80 spread in mind this dose not expose us a lot. With a strong market, if we saw strength translated into TSLA , then would watch the 185 calls closely to create a free or low risk credit spread. If fails to show strength then would short 192.50 next as a replacement short leg. We still hold a 190 200 210 cB with .30 spread in mind from friday so for bullish continuation we already have a strong 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 !!
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