Buying Swing: turning NFLX 440 puts strait long into a 440

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MMASSASSIN
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Buying Swing: turning NFLX 440 puts strait long into a 440

Post by MMASSASSIN »

Buying Swing: turning NFLX 440 puts strait long into a 440 435 430 pB Double shorting the 435 puts at 3.90 area and buying 330 calls at 2.30 area. This is all based on the 43o long from friday ). We bought the 440 puts friday strait long at .65 area and now they are at 5.80 , 792% profit but we bring up our max profit to 1400% . With this double short we now are protected from bounces and we increase our overall profit potential. This is not including the 450 445 pDS from friday that was 2x oversized and now is just about max profit .

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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