First off I always like your charts and analysis, but I need to ask about something. I have always stayed away from NFLX due to the unpredictable nature of whoever is investing in the company. However I am more curious how you handled your trading in this stock starting from about 2 months ago. You were shorting, but the stock kept climbing. How do you handle that emotionally and in your trades? I consider myself a beginner and stick with SPX and RUT(IWM) 45 days out for the most part and I tend to only deal with credit spreads and legging into Iron Condors, but when you were buying Puts two months ago (presumably) in the $600 range at what point did you change your strategy and did you take a big hit? The temptation to "double down" for me would have been powerful and I would have lost a ton on NFLX if I had shorted it like I really wanted to back then. I'm just curious. Anyway thanks for all the charts and opinions and good luck on the next NFLX downfall.
far out dated PUTS help to cushion IV crush plus enough capital to double down when needed bro. lastly, stick 2 ur convictions no matter what. we still believe there'z further downside or else we'd b out.