NFLX 225 weekly puts at 3.30 area from .80 so 312% pure profit and buying NFLX 230 weekly calls at 2.50 area OVERSIZED

 

selling NFLX 225 weekly puts at 3.30 area from .80 so 312% pure profit and buying NFLX 230 weekly calls at 2.50 area OVERSIZED. Great profit lock in on the NFLX 225s but this leaves us exposed since holding the 230 puts shorts, but have men other legs working here aswell. Looking for a bounce here on NFLX back to the 230 to reduce the loss on an exit on the 230 puts short. If we get weakness again then will not hesitate to add back to the 225 puts longs

Posted in General Trading