Selling Swing: shorting NFLX 135 weekly calls at 1.75 area
Posted: Tue Sep 27, 2011 12:58 pm
Selling Swing: shorting NFLX 135 weekly calls at 1.75 area to create an iron condor. NFLX has here lost a support so now am short puts 120s and calls 140s for the iron condor as we continue to chop around., I do not like shorting 135 calls here but have to create some additional downward protection. We are still profitable from todays short on 120 puts , so if NFLX moves back above 130.40 then would take a loss on this 123 weekly calls short and exit the iron condor. But for now as long as we shop in between the levels we have seen for the last 2 weeks then the iron condor would profit from depreciation.
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 !!