Buying Swing: buying NFLX 225 weekly puts at 1.44 to add to

[MMASSASSIN]

Buying Swing: buying NFLX 225 weekly puts at 1.44 to add to the earlier position at 1.35 area making the overall stake a 2x oversized stake. On my formulas multiday negatives did clear on NFLX. The market is now also on the verge of multiday negatives as we have reached the trend line resistance that dates back years and that was broken bearishly last week. As we always say after breakdowns we usually see the level broken retested and that is usually the best time to go bearish. AAPL is still strong but would not hesitate to short calls and tern the long call position into a long leg of a credit spread. Also watching SPY closely , if we have any more weakness would look to buy some puts. Again we reached the trend line resistance that before served as support but that docent mean that we don't burst above this line to create a candle wick that moves into next fib levels if this was to happen then that would be another bearish opportunity in my mind. Because the markets may move to the next fib is the reason we still hold AAPL calls even if its only 1x in size so far. This gives the flexibility to add to this position if market dose want to go higher and dose not fail here at this critical point. Again larger picture am bearish but am mindful of the pop possibility if we don't fail here.

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 !!