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Selling Swing: selling NFLX 230 weekly calls at 5.25 area an

Posted: Wed Apr 27, 2011 12:58 pm
by MMASSASSIN
Selling Swing: selling NFLX 230 weekly calls at 5.25 area and a little at 4.50 so 100% gain on day trade from 2.50 and covering short on NFLX 230 weekly puts at 2.20-.37 area at a loss from 1.80. But since the short on 230 puts is a small lose vs the long on 225 puts that we locked in today at 312% profit the whole strategy works out very profitable. We also have 245 calls shorts and 240 calls shorts each moving towards 100% profit and the 220 puts short is bringing us a bit of condor ofbalanced hedge thats very profitable. Also forgot to mention the vertical calls short we made before the earnings with NFLX 290 calls vertical , covered that yesterday and today at .01 cents so about 100% gain. So all in all it looks like we are on track to see 6x OVERSIZED Pure profits if this strategy keeps working as it is.