Well, rolling up with only three days left sounded like a good idea! With the news of a departing CFO, NFLX took it on the chin this morning. It seems to be coming back a little at a time. I will watch today and not hesitate to close the position if necessary. Sorry to say this options game is not a sure thing and every now and then you have to take your lumps.
I will keep you posted on what moves I make and the reasons behind them.
5 comments:
Gary said...
Could not take it anymore. Did a roll paid 1.73 to take 15 Dec.2 185's to Dec. 175
I'm still short 50 Dec. 170's so if NFLX closes above 175 in 9 days I can uncross my fingers and count out a small profit
From yesterday, if you think we are in a pickle check this out from another blog I read.
"Consider this: if you check out the weekly premiums, NFLX at $194.40
(right now) shows the Dec Week 2 195 puts trade for $4.40 on the bid.
These puts expire this coming Friday!
im giving yall netflix back.. im outta this baby today. i have traded this one over 15 times and have only lost twice but it is to dangerous for me..
just to post my new posistion. i will be selling puts on flsr $132.90 sell 110 puts for 2.4 percent in 9 days dec month. 17.4 percent cushion feels great after dealing with netflix. any more ideas for trades i have more maintenace waiting to go to work. thanks
FSLR is a 1.65 beta stock I hope 17 cushion will work?
I looked in my account to do 20 contracts 600.00 income buying power -6914.17 or .085%
prob of expiring 98%
To everone that held NFLX your welcome I'm sure now of 190+ this week...sigh
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