Buying Swing: buying NFLX 245 weekly calls at 1.30 area OVER
Posted: Tue Apr 19, 2011 1:02 pm
Buying Swing: buying NFLX 245 weekly calls at 1.30 area OVERSIZED, already have the iron condor and here NFLX is passing the day highs so the short 340 calls is in danger even though our short on 230 puts from 1.18 are now .50 are helping to offset the losses wish to now add more protection and profit potential. If she dose top out then have the ability to short the 240s again without the long leg since we already have the 245s calls and the 250s and that would be my next move if this terns out to be a top. For now am not fighting the tape and have a bullish biest.