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Selling Swing: we covered the 237.50 short flat and instead

Posted: Tue Jun 24, 2014 12:37 pm
by MMASSASSIN
Selling Swing: we covered the 237.50 short flat and instead shorted fully TSLA 240 puts at 6.80 creating a 240 235 making 9x oversized profit potential . Also we covered the short leg of 245 240 cDS at .65 area. We are larger picture still bullish TSLA but we were looking for retracement. We still have the 230 puts exposed that we must debit before the close.

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 !!