Buying Swing: buying NFLX 235 weekly calls at 3.50-.95 OVERS
Posted: Wed Apr 27, 2011 3:22 pm
Buying Swing: buying NFLX 235 weekly calls at 3.50-.95 OVERSIZED so far the strategy on NFLX could not of worked better, we timed a top then a bottom but now there is the remote possibility of multiday direction turning positive despite al the downgrades. The Es are not so bad even though its hard to imagine a more overpriced company she could still have an upgrade since there has not yet been a competitor take traction. This works as a hedge on the short NFLX 240 weekly vertical trough 250s, it can offset the possibility of premium build and buys time with the possibility of 237 target we spoke about in the room at todays hold being reached.