Buying Swing: buying USO 40 weekly puts at .14-.20, shorting

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
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MMASSASSIN
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Buying Swing: buying USO 40 weekly puts at .14-.20, shorting

Post by MMASSASSIN »

Buying Swing: buying USO 40 weekly puts at .14-.20, shorting NFLX 210 weekly calls at .90 area and adding NFLX 195 weekly puts at 3.35 area, all OVERSIZED. USO the OIL etf bounced to the 42.20-.30 area where wanted to take another bearish stab at OIL as on my formulas multiday negatives today have cleared. NFLX we did great to go bearish yesterday and now we see over 200% gain on the weekly puts shorts so am adding to the NFLX 195 weekly puts we entered into yesterday at 1.03 to make the position 2X oversized. the short we did on the NFLX 215 weekly calls from 1.60 are now .35 already and should give us 100% gain very soon so moving on to a short on the 210 weeklies now as see the picture more bearish for the week and there is still premium there. All in all big smiles today especially in NFLX that may give us a home run.