shorting NFLX 230 weekly puts at 1.80 area vertical trough NFLX 225 weekly puts at .80 area

 

/s shorting NFLX 230 weekly puts at 1.80 area vertical trough NFLX 225 weekly puts at .80 area . As mentioned on the last post the risk of NFLX doing a gap cover is very high still even though larger picture am bearish on her. My formulas showed a bounce indicator here, its not a significant positive but with volatility of the short on 245 calls , makes me want to buy time by shorting the opposite side. Bringing us into an IORN CONDOR. One a direction is made then all I have to do is exit the short on other the call or the put depending on weather the move is up or down and ride the long while holding the opposites sides short. Also if we get nothing but sideways action then we win due to premium decay on both sides.

Posted in General Trading