Selling Swing: shorting NFLX 270 weekly calls at .90 area ve

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MMASSASSIN
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Selling Swing: shorting NFLX 270 weekly calls at .90 area ve

Post by MMASSASSIN »

Selling Swing: shorting NFLX 270 weekly calls at .90 area vertical trough the NFLX 275 weekly calls at .35-.40 area. Clearing the short side first have not yet cleared the long side but would like to have entries around .35. On my formulas the whole larger direction for the next few weeks may finally go bearish and am starting with a short on calls but if we have some bearish follow trough then would use the short to finance a long on puts next. The possible next few week pull back could see a fall back to 225s , yes I know it sounds like a big fall. It is early in the game and NFLX is tremendously strong but after she reached the 270 target we set for her over a month ago , at levels up here have to attempt to time a larger bearish direction tern early.