remkade
Short

Quick Netflix Short

NASDAQ:NFLX   NETFLIX INC
I'm seeing strong short term downwards pressure on Netflix             . Target for profits is about 85ish.

There is very strong support down below 85, which indicates to me that someone with deep pockets and a long term view is aiming to keep netflix             above that level. If that is the case, exiting at 85 and going long would be the best play.
Trade active: Still waiting for some profit out of this one. It may be that the puts I bought have lost too much value to be worth holding, but I'm taking this one as a learning opportunity.

Still watching for a hard stop though at $96.72.
Trade closed: stop reached: Closed because it hit my stop.
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