Selling Swing: shorting NFLX 225 May puts at .95 area vertic
Posted: Tue May 17, 2011 12:53 pm
Selling Swing: shorting NFLX 225 May puts at .95 area vertical trough NFLX 215 may puts at .20-.28 area This helps protect our overall profits and after shorting calls today we now even out somewhat the iron condor. We are short now the 260 may from monday that looks like 100% gain and the 220 may puts from yesterday close, and today we shorted the 245 may calls and now the 225 may puts leaving us with 2 calls spreads short and 2 puts spreads shorts with each hedging the other.