Selling Swing: selling 1/2 NFLX weekly 195 puts at 4.50 area
Posted: Wed Mar 09, 2011 12:19 pm
Selling Swing: selling 1/2 NFLX weekly 195 puts at 4.50 area PURE 340% PROFIT then buying NFLX 205 weekly calls at .35-.40 area for a day trade. So locking in 1/2 of a 2x oversized play on NFLX 195s and will let the rest ride but to protect remanning profits from the possible sharp bounces she tends to have, am buying for a day trade the 205 weekly calls that on a bounce can easily double but with mental stop at .28 and only with day trade in mind.