shorting here NFLX 230 weekly puts at 1.18-1.08 vertical trough NFLX 220 weekly puts

 

/s shorting here NFLX 230 weekly puts at 1.18-1.08 vertical trough  NFLX 220 weekly puts. I tend to first enter the short then the long when the long is lighter, but this is not something everyone can do so often if its hard to enter a vertical for those with smaller accounts its best to enter the long position first then the short, just a pice of advice on executions of verticals. Ofcorse if hesitation is a killer and the position is small enough sometimes market is the awnser in vertical spreads. This terns the position that we entered into yesterday the vertical short on called now into an iron condor. If NFLX builds further may add one more leg as a long on 245 calls weeklies to sew the strategy bullishly. My formulas have multiday positives but larger multiweek looks bearish meaning a bounce could here be strong but most likely not last for days as she usually dose.

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