Buying Swing: buying NFLX 95 weekly puts at 1.70-1.85 twice

[MMASSASSIN]

Buying Swing: buying NFLX 95 weekly puts at 1.70-1.85 twice the contract amount of the long on NFLX credit spread on puts. NFLX lost 110 today and I still hold the short NFLX 110, long NFLX 105 weekly puts credit spread. Now that 107.18 was lost a level I have watched closely, I see that she can fall next down to 95. so buying twice the contract amount of the 95 weekly post as we are long the 105 puts this way if we continue to fall and lose 100 the next step would be to cover the short on 110 weekly puts and allow the long 105 and 95 puts to help erase those losses. But if the opposite was to happen and a real bounce sets up on NFLX then it would be easy to lock in the profits on the 105 weekly puts and then allow the 110s to lose premium. We many even add in a short on the 105 puts line since the contract amount on the 95s are twice as much.

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 !!