Selling Swing: selling NFLX 165 oct calls at 1.02 area then
Posted: Mon Oct 11, 2010 2:39 pm
Selling Swing: selling NFLX 165 oct calls at 1.02 area then shorting it around this area . and selling the NFLX 170 calls at .50 area taking losses on both positions. and as mentioned in the last email if there was no bullish follow trough would move towards a short strangle . so already had a short on the 155 puts on NFLX oct and now am offsetting the risk of that posit by shorting the 165 calls equal money allocation . am choosing to play premium deaprushiation after the momentum slowed giving losses , sorry guys.