Selling Swing: creating a free cCS call credit spread by sh
Posted: Thu Jul 10, 2014 12:42 pm
Selling Swing: creating a free cCS call credit spread by shorting TSLA 215 calls at 7.05-6.50 area same contract amount as the 220 calls we bought today at 1.30 at open. So at open we saw the pullback as a bullish opportunity. so instead of locking in 4x oversized profit if the .40 was spread in mind were creating a credit that can yeald 13.75x , yea 1400% profit potential if there was to be a new retracement. Now we ae doing one more bearish protection play and thats a 120 puts position same contract amount as the 225 calls butterfly long legs.
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 !!