Selling Swing: selling 1/2 of NFLX 230 May puts at 2.40-.25
Posted: Tue May 17, 2011 11:03 am
Selling Swing: selling 1/2 of NFLX 230 May puts at 2.40-.25 at 307% Pure profit from the lowest entry just yesterday, BIG SMILES. will hold the rest but with the bounce we just saw on the markets wish to protect some profits even though usually multiday pull backs demand just that , several days of fall and a fall bellow 230 is still a very real possibility. We still hold a 1x oversized stake and do not plan on exiting those till multiday direction shifts positive.