covering short NFLX 240 weekly calls at 1.40-.50 area from 1.80 and covering NFLX 245 weekly calls at .45 area from 1.45 then buying 245s at the same area OVERSIZED

 

 

/s covering short NFLX 240 weekly calls at 1.40-.50 area from 1.80 and covering NFLX 245 weekly calls at .45 area from 1.45 then buying 245s at the same area OVERSIZED. On my formulas multiday buy signals that were on the verge of clearing yesterday have here cleared . When we covered the shorts we held the 250 longs plus reversed the 245 short into a long and we have the 235 calls long from yesterday. Have now moved the position fully bullish on NFLX but am watching her closely especially after the recent downgrades. Both calls shorts were profitable despite the gain in the stock today and all our puts shorts now are moving rapidly towards 100% gains. Now am considering if we see bullish follow trough further shorting new NFLX puts but with the possibility of coming downgrades continuing it may be wises to hold those low puts shorts and not further expose a one sided strategy .

Posted in General Trading