Buying Swing: at open we bought TSLA 240 puts at .45 area 1
Posted: Thu Jan 19, 2017 9:45 am
Buying Swing: at open we bought TSLA 240 puts at .45 area 10 X OVERSIZED with intention of turning it into a credit spread if the 245 puts gain on a snap back. Yes TSLA today has its big breakout so we want a nap back to benefit from a intraday pull back so that we can position further bullishly with a 245 240 pCS put credit spread if , if the spread becomes free or close to it. The position is huge since our call positions were hedging are equaly huge.
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 !!