Buying Swing: buying long leg of TSLA 210 212.50 cDS at .33
Posted: Tue Mar 03, 2015 2:55 pm
Buying Swing: buying long leg of TSLA 210 212.50 cDS at .33 area with .15 spread in mind. We are already heavily bullishly placed but the current position we wish to turn at the close into a huge butterfly. This debit spread can profit if there was to be bullish continuations.
The strategy into the close will be to buy 217.50 calls same contract amount as the combined amount of 195 and 200 calls , then shorting the 207.50 calls double leaving a huge butterfly. The legs as follows
+195 +200 (—207.50 body ) +217.50 .This is separate from the debit we just legged into.
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 !!
The strategy into the close will be to buy 217.50 calls same contract amount as the combined amount of 195 and 200 calls , then shorting the 207.50 calls double leaving a huge butterfly. The legs as follows
+195 +200 (—207.50 body ) +217.50 .This is separate from the debit we just legged into.
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 !!