Traders Playground

Buying Swing: buying AAPL 260 puts weekly at .31-.33 and NFLX 140 puts weekly at .45 area initial entry into weekly puts on AAPL and NFLX weekly, am very bearish AAPL for this week and if we see a second leg down then premium should spike on these far out of the money weeklies. if AAPL builds and a significant positive shows itself then would take a loss on this entry but look to renter again on the bearish volatility trade. Am here also buying an oversized stake on NFLX 140 puts weekly. NFLX has not seen bearish follow trough this morning and here on the verge on my formulas of significant intraday negative clearing, have not yet cleared fully on her. The bearish potential I think is higher on NFLX due to its lack of market participation today, but hard to tell with this one.