Selling Swing: selling 1/2 NFLX 295 weekly calls at 2.45 ar
Posted: Tue Jul 05, 2011 1:39 pm
Selling Swing: selling 1/2 NFLX 295 weekly calls at 2.45 area 100% GAIN from 1.22 in a matter of an hour big smiles. Then buying NFLX 280 weekly puts at 1.90 area OVERSIZED to now hedge against a fall and use volatility in our favor. Now that we are long both sides we can hold such a position overnight because sideways action into tomorrow seams unlikely . If NFLX again moves to pass 290 then would renter the long contract amount of 295s we just exited.
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!