Buying Swing: buying long leg of TSLA 230 227.50 pDS at 2.0
Posted: Mon Jun 23, 2014 1:58 pm
Buying Swing: buying long leg of TSLA 230 227.50 pDS at 2.00-2.10 area with .55 spread in mind. We wanted to wait for 241.50 area to be reached before attempting this play but she is taking to long so pulling the trigger now. If we do push to the 241 target then would look to buy closer in 235 puts as to work the 237.50 butterfly angle on retracement from there. If this is a pull back point we would go the credit route only if we could short the 235 puts for 6.55, a low risk credit with 1x loss potential and 11X profit potential.
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 !!