/s shorting NFLX 255 weekly calls at 1.23-.18 vertical with
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/s shorting NFLX 255 weekly calls at 1.23-.18 vertical with
/s shorting NFLX 255 weekly calls at 1.23-.18 vertical with NFLX 265 weekly calls long at .35-.40, OVERSIZED the spread. NFLX today came close to her all time highs and am starting to take some bearish stakes here. Also watching the NFLX weekly 235 puts as a possible long position if she starts to show weakness. My formulas have NFLX here on the verge of multiday negatives, but they have not yet cleared. It seams stunning to me to see this stock up this high again and will again look for bearish opportunities for don't know when she will fall but believe that when she is ready this stock with an unimaginably high PE and real competition coming in should in time fall just as other hype driven stock before her have as RIMM once did even though there mediocre os was not at that time meant to survive once the IOS and other IOS like devices like droid came out. Again NFLX dose not make the box and if the box makers come out with competing products, then this stock should go the way of the tivo. Remember TIVO that at one time also had a high stock price .