buying NFLX 280 July puts at 1.00-1.20 twice the contract amount of the short on 285 july puts all expiring today

 

/b buying NFLX 280 July puts at 1.00-1.20 twice the contract amount of the short on 285 july puts all expiring today. we did well with the short on calls that buys us 100% hedge and now making the short on puts of balanced with a bearish biest as the possibility of 280 magnet getting stronger. the third step if we fell further would be to take the loss on the short on NFLX 285 short puts mental stop 4.40.

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