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Options Trading with Option Addict

Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

THERE YOU HAVE IT

Option Addict Wed Aug 5, 2015 3:01pm EST 10 Comments

The greatest advantage you have in options, aside from leverage, is defined risk.

I’ve determined what I am willing to lose here, and pulled the trigger on some $TSLA calls that set to expire next week.

With 25% of the float short, this chart looks attractive. The others in the momentum club used this same chart as a range to break from to start the next leg up. Worth the risk?

TSLAchartAlso, stay right there as we need to discuss this After Hours with Option Addict Options Boot Camp.

OA

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10 comments

  1. matt_bear
    matt_bear
    August 5, 2015 at 3:05 pm

    why next week instead of Aug1’s?

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  2. UncleBuccs
    UncleBuccs
    August 5, 2015 at 3:06 pm

    For Matt Bear – Karl Denninger calling for the demise of Tesla back in 2012… Lol! http://forums.azbilliards.com/archive/index.php/t-265289.html

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    • matt_bear
      matt_bear
      August 5, 2015 at 3:17 pm

      he made one good call…he did see the financial crash coming. but unfortunately, he thought every call was right afterwards. of which they were all run…is he still bullish on Blackberry?

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  3. Hawaiifive0
    Hawaiifive0
    August 5, 2015 at 3:08 pm

    OA,
    What strike?

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  4. kidstock
    kidstock
    August 5, 2015 at 3:33 pm

    Feeling awful bearish here — bought UVXY weekly 26.5 calls

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  5. matt_bear
    matt_bear
    August 5, 2015 at 4:35 pm

    smoked.

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