Buying Day Trade: covered then bought NFLX 280 weekly calls
Posted: Fri Jul 22, 2011 1:23 pm
Buying Day Trade: covered then bought NFLX 280 weekly calls at .20 so we locked in profits then went long same contract amount as 375 calls short, then we dubbed the position at .40. We then went on to take a loss on the short on NFLX 275 weekly calls at 3.00-.05. The loss on the 375 calls was offset by the locking in of profits on on 280s and we have a profit picture due to the short on 275 puts all expiring today. See the possibility of a push up into the close as a real possibility . today they become day trades so posts are late but mentioned earlier in the audio cc and tweets
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 !!