buying NFLX 200 May puts at 1.30-.40 OVERSIZED this is the entry that I mentioned on the last board post but just executed on it now before the close

 

/b buying NFLX 200 May puts at 1.30-.40 OVERSIZED this is the entry that I mentioned on the last board post but just executed on it now before the close. The strategy here is not to make money on this play because we have a short on calls and a long on puts where if we do not win on these puts then the short on calls should erase losses. But if we do have a big fall on NFLX and the bubble finally bursts , then the potential for gain is enormous with a stock this overvalued. The plan will be to attempt a similar strategy as this one into every NFLX earnings till it works. As mentioned before did the same thing with RIMM till it worked.

 

Posted in General Trading