An aggressive trade, Decently far out, but not 'too far'. I like the prem at 10%. A nice $30 away from price action.
160/155 Feb Bull put spread
.50 limit. This one is over earnings.
I will likely just let it expire worthless, unless NFLX opens below the 200 SMA on the daily chart on earnings.
If it does have a bearish gap down on earnings, as long as it's above $170, I won't worry. If it's below $170...
I'll buy to close this spread back if I can for a profit. Otherwise, I'll watch the $166.19 support.
160/155 Feb Bull put spread
.50 limit. This one is over earnings.
I will likely just let it expire worthless, unless NFLX opens below the 200 SMA on the daily chart on earnings.
If it does have a bearish gap down on earnings, as long as it's above $170, I won't worry. If it's below $170...
I'll buy to close this spread back if I can for a profit. Otherwise, I'll watch the $166.19 support.
Comment:
I'm feeling REAL good about this one folks. ;-)
Comment:
Alright team. From my birthday brother Robert F, capturing 80% of this prem is such a short period of time, going to close out spread. BTC the short put for .42 and STC the long put for .32
Locking in the gain AND IF NFLX gaps down on earnings to retest the breakout / old resistance, I might do ANOTHER ONE. :)
Locking in the gain AND IF NFLX gaps down on earnings to retest the breakout / old resistance, I might do ANOTHER ONE. :)
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