Buying Swing: buying 135 weekly calls at .77-.82 and at .9
Posted: Mon Oct 10, 2011 12:01 pm
Buying Swing: buying 135 weekly calls at .77-.82 and at .99 and 1.10 2X OVERSIZED plus shorting 110 weekly puts at 1.20-1.15 area credit spread trough 105 weekly puts 2x oversized the spread. Am in the beginning going naked on the 110 weekly puts short with the intent of going long same contract amount of the 105s latter on when the premium goes down. Am going very aggressively bullish NFLX after the news today that they will not split top mailing and internet streaming service. I see this as hugely positive and now that intraday we have a nice pull back am using it as an opportunity to quickly focus very aggressively 2x oversized bullishly. The short on 110 weekly puts should protect us against theta depreciation if we encounter sideways action .
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 !!