Selling Swing: shorting NFLX 160 Oct calls at 2.04 area OVER
Posted: Mon Oct 11, 2010 9:54 am
Selling Swing: shorting NFLX 160 Oct calls at 2.04 area OVERSIZED with mental stop around 2.35 area. NFLX has had a sharp spike this morning and with it premiums on calls have skyrocketed up , am using this as a shorting opportunity but if NFLX pulls back done to around the 152.40 area I may lock in profits on this short then may go long on the same calls. taking a beating this morning on the 240 puts that we held over the weekend.