Buying Swing: doubling 900 calls at 9.50-10.50 and at same
Posted: Tue Jun 02, 2020 11:22 am
Buying Swing: doubling 900 calls at 9.50-10.50 and at same time buying next week 1100 calls at 2.35 area same contract amount as total here and last weeks entery for the full 900 weekly position. To refresh last week we bought 900 calls 10X OVERSIZED for this week at 4.20. a full 10x oversized. We are up a lot but at this much higher price for our first weekly trade of the week we’re adding another TSLA 900 22X OVERSIZED EXPOSURE. The new next week 1100 calls are a little more than 10X OVERSIZED exposure. We are using the first real shake of the week as a bullish opportunity on as we expect this breakout to continue higher.
Now here is where strategy gets tricky, we now have 2 wings of a 2 time frame butterfly. Before the close we want to enter a short 1000 butterfly body against these wigs with 1/2 o0f the wing for this week and the other 1/2 of the wing set for next week. This should erase a huge amount of risk going forward and possibly guarantee hefty profits as well.
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 !!
Now here is where strategy gets tricky, we now have 2 wings of a 2 time frame butterfly. Before the close we want to enter a short 1000 butterfly body against these wigs with 1/2 o0f the wing for this week and the other 1/2 of the wing set for next week. This should erase a huge amount of risk going forward and possibly guarantee hefty profits as well.
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 !!