Buying Swing: buying buying USO 31 weekly puts at .33-.35 ov
Posted: Mon Mar 28, 2011 3:33 pm
Buying Swing: buying buying USO 31 weekly puts at .33-.35 oversized and shorting NFLX 250 weekly calls 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. on the last post I said puts but meant calls obviously. same post as before with the fix plus posting on the USO weekly bearish buy.