Buying Swing: buying TSLA 260 calls at .60 area same contra

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: buying TSLA 260 calls at .60 area same contra

Post by MMASSASSIN »

Buying Swing: buying TSLA 260 calls at .60 area same contract amount as the 245 250 cDS creating a 245 250 260 c2OB = call 1/2 open body butterfly. Now remember on friday our positioning bullish was
235 240 245 cB
245 250 255 cB
245 250 cDS
this means we already had a butterfly here , we are putting an open body butterfly on top of the old butterfly. There is strong potential of strait continuation rally on TSLA , the shake before the run now seams unlikely so even though we positioned aggressively last week with just the debit giving 15x oversized profit potential, we wish to expand that profit potential. Again the rally on TSLA can be very strong hence why we did further bullish long term options positioning last week.

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”