Buying Swing: covering short then buying NFLX 170 weekly cal
Posted: Wed Sep 29, 2010 12:13 pm
Buying Swing: covering short then buying NFLX 170 weekly calls at 1.20-.28 long 1X oversized locking in profits on the shorts on 170 calls from 2.84 initially and 2.17 that trend into a 2X OVERSIZED position, then buying a long position on these weeklies as I believe we may be setting up for a stronger move up as my formulas have NFLX on the verge of multiday positives. NFLX has proven to be much stronger than I expected, will continue to hold the Oct puts.