Buying Swing: bought NFLX 445 calls at 3.50 area same contr
Posted: Mon Sep 22, 2014 1:04 pm
Buying Swing: bought NFLX 445 calls at 3.50 area same contract amount as the 550 puts long from friday. Remember we did 450 445 pDS 2X Oversized and 440 strait long on friday so needless to say were up big on the play. this works to hedge the position . We can still fall more but with profits this large we must protect, hence the aggressive size of this call add. If we continue pulling back then the 440 calls work to finance the hedge.
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 !!