Buying Swing: buying TSLA 250 calls position at .20 doublin
Posted: Wed Jan 18, 2017 10:43 am
Buying Swing: buying TSLA 250 calls position at .20 doubling the leg connected to the cOB cal open body butterfly. TSLA hit the 38.2% fib extension at 239.46 and pulled back. If we were to get a follow trough above it then that would represent a big TSLA breakout and parabolic move should have a stronger stance to benefit from short covering.
We have not yet re entered the short body but are ready to do so if this pull back continues even at a loss.
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 !!
We have not yet re entered the short body but are ready to do so if this pull back continues even at a loss.
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 !!