Buying Day Trade: buying NFLX 295 weekly calls at .82-.90 O

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MMASSASSIN
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Buying Day Trade: buying NFLX 295 weekly calls at .82-.90 O

Post by MMASSASSIN »

Buying Day Trade: buying NFLX 295 weekly calls at .82-.90 OVERSIZED. The market is today falling and NFLX has now reached the old all time highs, and this level may serve as some support. NFLX dose not tend to move with the markets so see the possibility of a strong bounce as high here with mental stop at .65 area. This is far out of the money so higher risk but due to the fact that the market is falling it makes the premiums lower and the potential on a move up higher for premium gain.

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 !!
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