buying $SPY 117 weeky puts next week at 1.41 OVERSIZED and adding $NFLX 195 Sept calls at looking for entry to make the hedge 2x oversized

/b buying $SPY 117 weeky puts next week at 1.41 OVERSIZED and adding $NFLX 195 Sept calls at looking for entry to make the hedge 2x oversized. The strategy here is since we still hold 1/2 of the SPY 117 weekly puts , if we were to have a sharp bounce and NFLX could easily deliver it, this position can greatly hedge against bullish volatility. If we were to pull back and lose day lows it would be easy to tern this position into a credit spread by shorting the 190 calls.

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