buying NFLX 160 weekly calls at .58 and .71 OVERSIZED next week calls. Still focusing on the bounce on NFLX that did not happen this week

/b buying NFLX 160 weekly calls at .58 and .71 OVERSIZED next week calls. Still focusing on the bounce on NFLX that did not happen this week but should still come after a fall like this. By the way the last 2 days have not been kind to me for the NFLX 145 calls and 150 NFLX calls look to expire worthless plus the SPY strangle worst nightmare was a sideways day and that is what we have had so far. on SPY as mentioned on a tweet earlier sold the 112 puts back when there was some premiums and shorted the 113 weekly puts to make some premium back on the bet that we don’t close bellow 113. Despite the bad few days , we did have 2600% profit on NFLX during the fall and we have had 800% gaming day on the SPY play earlier this week puts . So as amny 100% losses the last 2 days are brining the week in the end is a very profitable week. Again in options SIZING is very important you have to be able to take a 100% loss without problem if you don’t you are not sizing correctly. (AGAIN LOOK AT SIZING CHART) So now back to NFLX am now 2x oversized for next week 160 calls so still believe a huge bounce should absolutely materialize after a fall like this. Good luck and CONTROL YOUR SIZING.

Posted in General Trading