Selling Swing: covering short NFLX 240 weekly calls at 1.40-
Posted: Thu Apr 28, 2011 10:18 am
Selling Swing: covering short NFLX 240 weekly calls at 1.40-.50 area and covering NFLX 245 weekly calls at .45 area then buying 245s at the same area OVERSIZED. On my formulas multiday buy signals that were on the verge of clearing yesterday have here cleared . When we covered the shorts we held the 250 longs plus reversed the 245 short into a long and we have the 235 calls long from yesterday. Have now moved the position fully bullish on NFLX but am watching her closely especially after the recent downgrades.