Buying Swing: TSLA Next week bullish strategy 270 275 280 c
Posted: Fri Oct 02, 2015 3:24 pm
Buying Swing: TSLA Next week bullish strategy
270 275 280 cB
280 285 290 cB
Next we continue the Calendar strategy
we continue to hold long legs of October TSLA 280 285 290 cB call butterfly .25 spread in mind
but also buying next week 265 calls same contract amount as the October 280 leg and double shorting 275 next week calls .
creating a 260 270 280 cCB .
We did this last week and we will continue every week to do a similar calendar against the long 280 October calls till we get to October monthly expire .
I am choosing to keep the 290 leg exposed but you can short short weekly agains the monthly . Also you can see the 260 long is enormous in size but thats greatly offset by the 270 double short. This is very similar to what we did last week and following the oct 280 long all the way from weeks back now.
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 !!
270 275 280 cB
280 285 290 cB
Next we continue the Calendar strategy
we continue to hold long legs of October TSLA 280 285 290 cB call butterfly .25 spread in mind
but also buying next week 265 calls same contract amount as the October 280 leg and double shorting 275 next week calls .
creating a 260 270 280 cCB .
We did this last week and we will continue every week to do a similar calendar against the long 280 October calls till we get to October monthly expire .
I am choosing to keep the 290 leg exposed but you can short short weekly agains the monthly . Also you can see the 260 long is enormous in size but thats greatly offset by the 270 double short. This is very similar to what we did last week and following the oct 280 long all the way from weeks back now.
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 !!