selling 1/2 NFLX 295 weekly calls at 2.45 area 100% GAIN from 1.22 in a matter of an hour big smiles

 

/s selling 1/2 NFLX 295 weekly calls at 2.45 area 100% GAIN from 1.22 in a matter of an hour big smiles. Then buying NFLX 280 weekly puts at 1.90 area OVERSIZED to now hedge against a fall and use volatility in our favor. Now that we are long both sides we can hold such a position overnight because sideways action into tomorrow seams unlikely . If NFLX again moves to pass 290 then would renter the long contract amount of 295s we just exited.

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