Pretty aggressive trade, no doubt. This is only for those who DO NOT mind owning shares. 1 contract is about $30 of premium (that would be 100 shares). so verify how many shares you want to own. I would like about 300.
would have to gap down more than 20% for this to be an issue. 100 sma
on weekly is 82.48 and I would imagine NFLX
would bounce some off of that. PLUS, I like / would love to own NFLX
down here anyway.