Buying Swing: covering short NFLX 120 weekly puts at .61-.5

[MMASSASSIN]

Buying Swing: covering short NFLX 120 weekly puts at .61-.54 from 1.79 about 65% profit , shorting same contract amount the NFLX 125 weekly puts at 1.55. as mentioned earlier am rolling the short up from 120 to 125 by locking in profits on the 120 puts short that was 4x oversized, so over 2x oversized pure profit and now that we have a short on the 125 puts this can bring another 4x oversized profit on simple sideways action. hence now were back to a profit strategy even on sideways action as long as we stay above 125 and with better exposure profitably if we do finally get the big bounce on NFLX. If we were to get bearish action then would quickly exit the short on 135 calls and again short them to reenter an iron condor, something that should not happen.

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 !!