Selling Swing: shorting NFLX 140 Oct puts at 1.44 area OVERS
Posted: Tue Oct 12, 2010 1:49 pm
Selling Swing: shorting NFLX 140 Oct puts at 1.44 area OVERSIZED these are the same puts we shorted yesterday at 2.40 making this a 2X oversized position ofset with a half strangle with the 165 calls short from yesterday from 1.04 that are now down to .46 so the strangle in essence erased al the losses from yesterday but wish to reinforce it now with a more bullish biest. If the FOMC minutes at 2 pm are market bearish then would look to offset this with a 160 calls short oct .