/s Shorting NFLX 290 weekly calls at 1.24 area vertical trou

[MMASSASSIN]

/s Shorting NFLX 290 weekly calls at 1.24 area vertical trough 295 at .70 and go long NFLX may 200. area have not yet cleared the long on puts, nor the long on 295 calls. I tend to first clear the shorts then the long vertical but its often easier for smaller accounts to create margin protection by going long first then doing the puts. If we do not explode after earnings then the vertical short can be a hedge on the long on puts, but if NFLX dose fall dramatically then the puts can become a home run. I don't think its time to see a huge fall on NFLX after a earnings yet, maybe it will have to see real competition first but with over 80 PE have to attempt to go bearish every earnings till it works. Because the day it works it could be a 3 thousand % gainer like RIMM was the day it hit its all time high before the earnings that destroyed her bubble . That was a spectacular play and see NFLX as the next RIMM , a overpriced stock that will get hit sooner or latter byte competition to in the end fall to reality.