Buying Swing: creating TSLA 250 247.50 245 pOB put open bod
Posted: Thu Feb 02, 2017 11:40 am
Buying Swing: creating TSLA 250 247.50 245 pOB put open body butterfly. Earlier today we bought 245 puts at .45-.59 same contract amount as the 255 calls, so we are down on that position significantly. Now were buying 250 calls same contract amount at 1.30 area with intention of butterflying very tightly later with the 247.50 puts double short. If we pull back to .90 of better the play should be close to free minus commissions and it helps position us with a smaller valley of death into tomorrow in-between 250-255
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 !!