/s sold VZ flat and shorted NFLX 190 weekly calls at 1.80 area OVERSIZED

/s sold VZ flat and shorted NFLX 190 weekly calls at 1.80 area OVERSIZED. The market is showing weakens and wanted to have some bearish plays to hedge the longs plus remove the day trade. Will hold the short on the 195s from 2.00 that are losing premium fast now down to .70 but wish to refocus on the 190s we entered into yesterday at a similar price point making the NFLX 190 weekly calls short 2x oversized. There is the risk of AAPL 340 weeklies if market was to bring the nazi down but rather than focusing bearishly on AAPL am choosing to focus on NFLX as a hedge on those.

Posted in General Trading