shorting NFLX 250 Feb calls 1.30-24 OVERSIZED am increasing
Posted: Wed Feb 16, 2011 10:47 am
shorting NFLX 250 Feb calls 1.30-24 OVERSIZED am increasing the bearish stakes on NFLX on this morning move up that believe should be a long trap. yesterday went long puts and shorted 245 calls that are working against us and if we see more strength would look to short the 345 puts to further hedge and buy time but don't think that will become necessary. believe this morning to be a long trap on a very overbought stock.