Buying Swing: correction creating a huge TSLA 190 cB call
Posted: Mon Feb 22, 2016 3:41 pm
Buying Swing: correction creating a huge TSLA 190 cB call butterfly against the 170 this week 180 this week and 180 next week long position.
This means we must first buy TSLA 185 or 182.50 witchier is easiest to get clears same contract amount as we have if you add up all the long 170 this week and 180 this week and 180 for next week.
Then we short twice contract amount of 190 calls creating a butterfly with wings spanning 2 weeks and 3 strikes.
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 means we must first buy TSLA 185 or 182.50 witchier is easiest to get clears same contract amount as we have if you add up all the long 170 this week and 180 this week and 180 for next week.
Then we short twice contract amount of 190 calls creating a butterfly with wings spanning 2 weeks and 3 strikes.
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 !!