Buying Swing: earlier we opened the body on TSLA 265 270 27
Posted: Wed Aug 27, 2014 10:52 am
Buying Swing: earlier we opened the body on TSLA 265 270 275 at .55 area but the stock fell back further. To steam the bleeding were now going to move the body down to 267.50 to short them between .65-.55, so far only clears at .58 . this creates credit risk butterfly 265 267.50 270. So you see one wing is further out. so we will watch the 270 calls as to buy them if strength reemerges to bring in a wing closer in ,but keeping the 275 as a kicker.
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 !!