Buying Swing: buying NFLX 180 jan puts at 2.20-.30 area OVER
Posted: Wed Jan 12, 2011 11:03 am
Buying Swing: buying NFLX 180 jan puts at 2.20-.30 area OVERSIZED . Yesterday we shorted the 195 weekly calls at 2.00 they are now .25 and the 190s have 2x around 1.80 they are now .98 big smiles, what we have done is time a top yesterday and erase premium loss on some further out of the money puts that never worked out but but am now accumulating to the bearish stance with an intent to continue to look for bearish opportunities on NFLX from now on. On my formulas multiday negatives have cleared on NFLX