shorting NFLX 120 weekly puts at 1.40 area trough NFLX 115 weekly puts at .55 area

/s shorting NFLX 120 weekly puts at 1.40 area trough NFLX 115 weekly puts at .55 area. NFLX is not cooperating on her bounce yet but am still bullishly placed and now with this short add have more puts shorts than long calls. This protects against sideways action as we have seen for the last 2 days , plus even if we don’t run as long as we don’t go bellow 120 by friday then we should see overall profits on this strategy.

Posted in General Trading