Buying Swing: earlier we covered TSLA 205 calls short at .4
Posted: Wed May 21, 2014 11:59 am
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 !!
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 !!