NFLX 195 Feb puts at 1.70 area and 205 weekly puts at 1.20 area both OVERSIZED plus to protect against premium loss am also shorting NFLX 215 weekly calls at 1.30 area 2X OVERSIZED

 

/b NFLX 195 Feb puts at 1.70 area and 205 weekly puts at 1.20 area both OVERSIZED plus to protect against premium loss am also shorting NFLX 215 weekly calls at 1.30 area 2X OVERSIZED. making the short on calls 2x oversized to offset the 2 separate bearish long puts plays. again NFLX is now for the first time starting to see competition enter the streaming arena and this can work as a market hedge especially with instability in middle east.

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