partyjumpman

TSLA going sideways?? Enter a Bull Put Spread- then IRON Condor

NASDAQ:TSLA   TESLA INC
49 0 1
"You can make money when it goes up down and sideways..." you hear from all the people that charge a small fee for their 'INSIGHT" I'm no expert and I don't want your money. Publishing my plan holds me accountable and it may help or at least give you something to think about or discuss with me!

TSLA             is going sideways (see Weekly chart also) its trades between the 100 and 200 on the weekly. The blue box (on the left) is around what TSLA             is in a large channel and i have found an IRON Condor is a good way to trade these. If you never done before definitely don't try one using my advice with real money PLEASE!
There is a mistake on the chart my entry I entered into a 205/202/50 expiring 6/10/16. As a matter of fact I won't even try to explain the strategies other than to say you are selling premium anticipating the price stays above 205 until end of day 6/10/16. If it does great, your spread goes way worthless and you get about 10% return. If TSLA             continues higher and then trades back down in the yellow square             you can enter a Bear Call Spread with the same risk and margin used and raise that return -15 to 20%. For example if you did a 245/247.50 BCS             exp             6/10/16 The hopes are TSLA             will also trade below 245! There are all sorts of factors that i am not explaining if your are interested go to www. reallifetrading .com
Trade closed manually: This bad boy went exactly as planned
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