Selling Swing: CREATING REVERSE EQUAL CREDIT DEBIT CALENDA
Posted: Fri May 03, 2019 1:42 pm
Selling Swing: CREATING REVERSE EQUAL CREDIT DEBIT CALENDAR SPREAD shorting TSLA 267.50 next week calls against monthly may position. we already had a monthly TSLA 267.50 that we entered at .95 TSLA and now we short next weeks since the premium is high at 2.50. This makes a reverse Calendar that has guaranteed profits but also allows us to buy 260 next week calls down the line and double short the 267.50 for a reverse calendar butterfly. We have a significant intraday negative here and 255 looks like a powerful magnet. Obviously next week TSLA calls are expensive due to volatility so wish to lock in monthly positions but with a strong gamma bearish perspective that still keeps us bullish.
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 !!