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Options Strategies
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Week 80 // Monday PreviewWhen I rolled the below 4 positions to this week (and others to the following week), I had in mind an overdue market correction. Thus I chose to roll into short call spreads except with TSLA, which has a mind of its own -- thus I have 2 different theses in play with that one. With 10 hours till the open, the NAZ futures are down 170 points. But we've seen this act before, where a down opening is later bought back the day after. So we shall see. Here are the 4 rolled positions: For 28 Feb Expiration: RO1: Short (65) AMZN 2100/2105 call spreads (Directions: Sell the 2100/2095 put spreads if AMZN > $2104) Ideally this one will EW this Friday if my thesis holds up for the entire week. For 6 Mar Expiration RO2: Short (5) GOOGL 1485/1490 call spreads (Directions: Sell the 1485/1480 put spreads if GOOGL > $1489 RO3: Short (5) TSLA 900/905 call spreads (Directions: Sell the 900/895 put spreads if TSLA>940) RO4: Short (5) TSLA 900/895 put spreads (Directions: Sell the 900/905 call spreads if TSLA < 860) I will post an update Monday evening with my final positions before I leave town. Cheers |
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Msg # | Subject | Author | Recs | Date Posted |
5466 | Re: Week 80 // Update on RO4 (TSLA) | sandiegodude2000 | 0 | 2/24/2020 9:56:22 AM |