Buying Swing: earlier we covered TSLA 205 calls short at .4

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: earlier we covered TSLA 205 calls short at .4

Post by MMASSASSIN »

Buying Swing: earlier we covered TSLA 205 calls short at .42-.45 turning 200 205 210 cB into cOB plus shorting 192.50 puts at .90 area to create 195 192.50 190 pB. We tweeted this put earlier and now were getting hit in a market full or uncertainty as TSLA chops us into loses intraday. We had to enter the body to reduce risk and exposure, so now if TSLA was to again fall the next step would be to on the call side double short 202.50 calls leaving a credit risk 200 202.50 210 cB. We are considering entering the 205 calls long since at the close we would have to move down the long leg anyway, and double down on the bullish continuation possibility.

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 !!
Top

Return to “Swing for the Fences”