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Buying Swing: created TSLA 195 192.50 190 pOB by buying TSL

Posted: Tue May 20, 2014 12:48 pm
by MMASSASSIN
Buying Swing: created TSLA 195 192.50 190 pOB by buying TSLA 195 puts for 1.99-2.10 same contract amount as the 190 longs. This has us with a open body butterfly on the calls and one on the puts now as we continue to wait for clarity. Best case senerio would be to see some volatility at the close this way we can close on butterfly and keep the other exposed till the closing bell

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 !!