Buying Swing: covering NFLX 210 puts at 4.60 area and shorti
Posted: Tue Mar 15, 2011 11:28 am
Buying Swing: covering NFLX 210 puts at 4.60 area and shorting NFLX 210 puts at 4.50-4.35 OVERSIZED so as mentioned in the audio CC shorted first the 200 puts to make the strangle then when we reached 210 shorted the 210 calls to make a straddle and now that day highs were passed covered 210 calls short and rising the 210 and 200 puts shorts with no calls short hedge. This minimized the loss on holding the 210 calls short every step of the way.