orting NFLX 250 weekly calls at 1.15-.02 and adding long NFLX 230 weekly puts at 60 area both positions OVERSIZED

 

/s shorting NFLX 250 weekly calls at 1.15-.02 and adding long NFLX 230 weekly puts at 60 area both positions OVERSIZED. NFLX today has what I believe to be manipulated move up during rookie hour so using tis as an opportunity to again add to the 250 weekly shorts with a vertical with 255s again oversized on the spread making it a 2x oversized short not he 250 weekly calls. the higher risk entry here is the long on 230s weekly calls that are meant to bring down the average , its a play on premium to erase losses from yesterdays higher entry at 1.80 on a snap back down. Since the 230 oversized entry down here is more than twice the contract amount a move towards 1.00 would bring us back to green and then would most likely quickly exit.

Posted in General Trading