Buying Swing: covering short leg of TSLA 220 217.50 pDS at
Posted: Fri Jul 11, 2014 11:02 am
Buying Swing: covering short leg of TSLA 220 217.50 pDS at .40-.50 area that we entered at .95 area yesterday. This leaves us with 220 calls with no short and 220 puts with no short so a intraday straddle . The thinking is after the tesla crash video and the Norway inventory numbers , I think the chances of volatility are high on a friday to break out of 220 magnet. Remember we have butterflies both above and below these areas as well with both of them having legs at 220.
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 !!