Buying Swing: TSLA calendar continuation 250 260 cCCS calen

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MMASSASSIN
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Buying Swing: TSLA calendar continuation 250 260 cCCS calen

Post by MMASSASSIN »

Buying Swing: TSLA calendar continuation
250 260 cCCS calendar credit.
We buy the 260 calls against the existing 250 short for June . We will place additional plays in between to cover the credit risk area. If it moves in the money then the extrinsic value goes down dramatically , and if we can profit from weekly plays in between then we should offset paper losses. There is a good chance of pull back now after the rally we have had. This is why we exited the puts calendar short.

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 !!
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