sold NFLX 120 weekly puts at 12.05-11.00 area thats 2100% profit sold 130 weekly puts at 20.15-19.00 from 3.90 400% gain. the 120s were 2x oversized so 2 times 21 = 42X OVERSIZED pure profit and the 130s were 9x oversized so 9 times 4 = 36x OVERSIZED pure profit so in total 78x OVERSIZED PROFIT minus 4x loss on long calls that leaves 74X OVERSIZED PURE PROFIT

/s sold NFLX 120 weekly puts at 12.05-11.00 area thats 2100% profit sold 130 weekly puts at 20.15-19.00 from 3.90 400% gain. the 120s were 2x oversized so 2 times 21 = 42X OVERSIZED pure profit and the 130s were 9x oversized so 9 times 4 =  36x OVERSIZED pure profit so in total 78x OVERSIZED PROFIT minus 4x loss on long calls that leaves 74X OVERSIZED PURE PROFIT This is one of the most profitable days of the year for me, if not the most profitable. Now I am holding the NFLX 115 weekly puts short trough 110 puts twice the contracts on 110 this way if we bounce we do well and it we fall dramatically we do also. We now have the 2x oversized long on 115 weekly puts posted earlier from .88 wish to hold it into expiration simply since we can afford a loss after a day like this. big big smiles but we waited over a year for NFLX to finally collapse. And next week will try to bounce her again because after a fall like this sooner or latter a huge bounce should be seen. the bounce can be of a magnitude than may never be see again afterwords. For 2 weeks I have tried to time a bounce , but with options be flexible, for if it docent work U can still pull of great plays when volatility is this strong. We have for over a year said that NFLX is a company that in the end should fall not only because of its high PE at the time but more importantly its like tiro. As tiro found out others could easily do what it once dominated, but NFLX dose not even make there own hardware so they have no protection, no product to house its service but dependent on the hardware of others.

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