Selling Swing: earlier today we legged into TSLA long legs
Posted: Mon Aug 17, 2015 3:42 pm
Selling Swing: earlier today we legged into TSLA long legs or specifically the 260 long leg of next weeks 260 265 270 cB before the close you must enter the butterfly body.
For those who want a rouge position make sure the long leg becomes the 270 for this week this means long against the existing butterfly body thats there. This would be rouge and would keep an exposure of 5-6X oversized bullish but with time of an extra week before expire, Im going rouge but after last week great week can afford to. Cant recommend this path.
I never got the 270 for next week so will refocuse with ease, if you did then replace it.
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 !!
For those who want a rouge position make sure the long leg becomes the 270 for this week this means long against the existing butterfly body thats there. This would be rouge and would keep an exposure of 5-6X oversized bullish but with time of an extra week before expire, Im going rouge but after last week great week can afford to. Cant recommend this path.
I never got the 270 for next week so will refocuse with ease, if you did then replace it.
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 !!