Buying Swing: buying October monthly 450 500 550 calls at
Posted: Wed Sep 09, 2020 1:48 pm
Buying Swing: buying October monthly 450 500 550 calls at 2.00 area 20X OVERSIZED, as a pay into the Tesla battery day event and delivery numbers. This is a larger position with well over a month till expire. We wish to have a stake into the battery day event but with premiums this high the only way to profit bullishly after event would most likely be with a gamma short position. Options prices are right now insanely high but with a butterfly we reduce the overall price where after event premiums should change in our favor.
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 !!