Selling Swing: shorting NFLX 250 weekly puts at 1.70-.50 ver
Posted: Mon Mar 28, 2011 3:20 pm
Selling Swing: shorting NFLX 250 weekly puts at 1.70-.50 vertical with the long on 255s at .80-.88 area. NFLX is here set up to possibly do a shake even though multiday direction on my formulas remains very bullish this can help hedge against premium decay on the 345 calls . Am expecting a gap up into tomorrow but wish to have some protection in place.