Tradeking a bunch of crooks (forced to cover NFLX)
no, i didn't short the stock i sold calls and was assigned with the shorts. i have always made money selling calls on nflx until recently from the earning news. i just sold another 15 contracts march 230 call and june 250 call. i am already making money with these 15 contracts. i doubt nflx is going up any further. so i get to keep $17k if nflx doesn't continue to go up above 230 in march and 250 in june. it's easy money selling calls on NFLX at this inflated price.
wega58, i warranty you will make lots of money if you sell some calls against nflx. you pull in the premium, and if it goes against you then they will put you with the short pos. but by then you already pull in some premium so your loss is not so bad. it's a safer way when you are bear on a stock. nflx is going down. no doubt! long if you are crazy.