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Selling Swing: selling TSLA 262.50 calls at 2.90-.65 area.

Posted: Wed Sep 17, 2014 12:44 pm
by MMASSASSIN
Selling Swing: selling TSLA 262.50 calls at 2.90-.65 area. As mentioned earlier we would exit the long if we failed to bounce. We entered earlier 260 puts same contract amount as the 262.50 calls at 2.85-3.00 to create a intraday Strangle.
Again we wish to, by the close have a 260 255 250 pB . right now looking to enter 250 puts and double short the 255 puts by 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 !!