shorting NFLX 275 weekly puts at 2.40 area vertical trough NFLX 270 weekly puts at .30 area OVERSIZED the spread

 

/s shorting NFLX 275 weekly puts at 2.40 area vertical trough NFLX 270 weekly puts at .30 area OVERSIZED the spread. The reason I like this play that today expires is because if we pull back then the vertical long 370 leg would work as a great hedge since its premium would spike fast. Am betting on final magnet being up at 275.

Posted in General Trading