Buying Swing: bought TSLA 230 calls at 3.20 same contract a
Posted: Mon Oct 19, 2015 11:18 am
Buying Swing: bought TSLA 230 calls at 3.20 same contract amount as the 240 position so oversized spread in mind is around 32 cents. I know it seams like were chasing a bullish position on TSLA but this looks like continuation may come so we will have a 2x mental stop on what is a very large position with flexibility to move butterfly body down to 235 next or if we want protective hedge on a run if the math aligns short 225 calls and create a low risk credit.
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 !!
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 !!