its VERY common for the Price to go higher right after you Bought an Option......
you just HAVE to sell on the Price appreciaition even if its in the NEXT 2 minutes !!
the NFLX spike occurred at 10:30AM for the $180 strike !!
Thats when i bot my Puts at .85 cents.
I appreciate your input. After the kick in the groin I just took, I am open to anything!
The part that makes me crazy is that I always seem to have a chance to exit with a profit on my buys. Then greed kicks in and I hang around just a little to long for my own good.
From my look - I think NFLX has a fair chance of going back to 181.37 today before closing back down below 180.
Take a shot on the 7 Jan 180 calls here. No more than you are willing to throw away - as always!