/b shorting NFLX 105 weekly puts at 1.65-.42 2x oversized the spread vertical trough NFLX 95 weekly puts at .50 area. As mentioned before wanted to get a short on NFLX puts today since friday we entered into far out of the money 135 weekly calls for believe NFLX may finally have that strong bounce. THe bullish call stake is 2x oversized at .50 area but with to protect against premium decay in the case of sideways action. This is why have been shorting today the 105 weekly puts. I see less chance of a pull back here and the perfect setup for a big bounce possibly as high at 150 on NFLX this week. Have been trying to bounce NFLX for 2 weeks this would be the third and she kept breaking down. Luckily the pull back became hugely profitable every time around, but will keep positioning for a bounce for once it materializes it could early lead for the biggest fastest bounce we will ever again see on NFLX. I mean we have dropped from 300 to 100 thats a pull back we knew had to come with this over priced stock but the speed of it caught even me by surprise. Hence the necessity of an equally aggressive first bounce that can yield over 1 thousand % profit in options once it finally happens. ok good luck. NFLX has been an extraordinary profit driver bearishly as of late, hopefully she will be so bullishly this week.
shorting NFLX 105 weekly puts at 1.65-.42 2x oversized the spread vertical trough NFLX 95 weekly puts at .50 area
Posted in General Trading