Buying Swing: removing the short leg of TSLA 245 247.50 cDS
Posted: Thu Jun 26, 2014 11:50 am
Buying Swing: removing the short leg of TSLA 245 247.50 cDS at .25-.35. We want to have the 240 TSLA calls exposed now that the short legs premium has dropped enough to make removing it only increase risk little more than half oversized. If the math lined up and we could short the 240 calls against the 245 long we would do so. We would need a strong run up from here though, if not then we renter the debit short before the close. Remember on the TSLA 240 pCS alone we can make just shy of 20x oversized alone, not counting the 240 cO2B.
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 !!