Buying Swing: covering NFLX 250 weekly calls short at .15 f

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.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: covering NFLX 250 weekly calls short at .15 f

Post by MMASSASSIN »

Buying Swing: covering NFLX 250 weekly calls short at .15 from 1.60 and buying NFLX 240 weekly calls at .90 area OVERSIZED for a day trade. We here locked in about 90% profit on the 2x oversized short on 260 weekly calls on NFLX then went here for a intraday bounce long the 240 weekly calls. What I wish to do is have a bullish position after all our bearish stakes on SPY and long NFLX puts. This gives us just a little bit of a hedge but would wish to sell then short these 240 weekly calls hopefully higher, today. If the market keeps falling do not mind taking a loss on the 240 weekly calls and going short lower, since we have so much bearishly positioned.

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 !!
Top

Return to “Swing for the Fences”