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PlanTradePlanMM
Apr 19, 2023 5:34 PM

NFLX Short Short

Netflix, Inc.NASDAQ

Description

GAP down, trendlinebreak

Short Sell 320
Stop 34
Target 292, 250

292 was touched post market after earning 4/18/2023.

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

Trade active

BuyToOpen 2023 Sep Put butterfly P220/250/280
Limit 2.80

No Stop in Option, 2.80 is the max loss, which is the hard stop.

Trade active

Gap and ran into weekly Supply Zone
BuytoClose 2023 Sep P220/250
limit 1.42
Current Hold 2023 Sep Put P250/280, cost 3.22

Trade closed manually

closed 0.35, loser
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