2waytrading
Short

The Failthful 450 October Put (Lastly wins)

NASDAQ:NFLX   NETFLIX INC
354 2 1
A month ago, I initiated a short position and recommended to take 450 October Put for $12.50 I am not how much that will be worth Friday when October option expires at the time some called it was a bad trade! Trading is always having a plan with strong conviction. It looks not bad to close tomorrow those of you who had that opportunity. if you need to get real time alerts try us http://www.2waytrading.com
I think Netflix did tank 25% after hours. You should be 130$ in the money now!!!
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I am an ex floor options market maker......when taking the shot always do it as a debit spread....sell out the further strike.........if it goes your way buy it in.....if it doesn't well... you don't lose as much.....get em next time
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