Selling Swing: shorting NFLX 220 May puts at .61-.54 area ve
Posted: Mon May 16, 2011 3:57 pm
Selling Swing: shorting NFLX 220 May puts at .61-.54 area vertical trough 210 puts at .23 area OVERSIZED the spread. This short on puts is meant to protect our great profits on NFLX that has been today as high as 300% pure profit intraday now its about 250% gains on that one on the long on 230 puts. This is but day one of multiday negatives so the fall should continue but overnight wish to create protection from bounce or sideways action.