Buying Swing: covered TSLA 230 calls short at 1.30-.50 turn
Posted: Wed Mar 23, 2016 10:18 am
Buying Swing: covered TSLA 230 calls short at 1.30-.50 turning TSLA 235 230 225 pB = put butterfly into a pOB = put open body butterfly. We would also like to add more 225 puts if we could clear around .50 to double the position. We wish to reenter the short 230 before the close and this places us aggressively bearish TSLA . We believe a few day pull back before the introduction of the new model 3 mass market car would be healthy and would allow us to position bullishly into this event that we have been waiting for since the company initial inception .
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 !!