buying NFLX 265 june calls at 1.65-1.73 OVERSIZED. Market is strong and NFLX is following trough so the iron condor earlier today did its job of buying us time

 

/b buying NFLX 265 june calls at 1.65-1.73 OVERSIZED. Market is strong and NFLX is following trough so the iron condor earlier today did its job of buying us time, now I can move the strategy into a more bullish bias without exiting the short on 250 puts and short on 270 calls. Now NFLX may move up passed 265s but doubt that it will get as high as 270 so no need to exit the short on calls now that we have this new long bullish leg.

 
Posted in General Trading