Selling Swing: shorting NFLX 275 weekly puts at 1.70-1.65 a

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MMASSASSIN
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Selling Swing: shorting NFLX 275 weekly puts at 1.70-1.65 a

Post by MMASSASSIN »

Selling Swing: shorting NFLX 275 weekly puts at 1.70-1.65 area vertical tough NFLX 265 weekly puts at .50-.55 area OVERSIZED the spread. NFLX gaped up nicely today and these puts are right at support so am shorting her premium here and if we shake further would add to this short another oversized position. If we see strength then next step would be to enter 300 calls for on my formulas multiday buy signals are on the verge of clearing on NFLX but have not yet cleared. If we get this clear then 300 would be very possible within the week especially if AAPL has good Es tonight. Again have no calls on AAPL instead we hold the short on 340 and 335 puts on AAPL to collect premium. And lets not forget we allowed last weeks 360 weekly calls to tern part of that position into stock so we hold a lot of stock from the 360 line.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!
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