Netflix, Inc. (NFLX) Message Board
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when it hits 240
i will write some weekly 245 calls. wrote some 215 and 220 puts on friday so i am good today.
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If it hits 240, I will do that also.
- 1 Reply to werollalong
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i hope you got in yesterday when nflx hit 240. i sold some calls yesterday when it hit 240 and also bought some pcln puts as well. good luck!
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you still have the 50k of winnings in your favor still? Or has it depreciated some? just wondering because everyone wins and nobody looses on what you do.
thanks
OP- 1 Reply to opinionsarelike33
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i am a short term trader. i do a lot of complex options (straddles, strangles, vert spreads, condors). in general, i am bearish on nflx, but i go with the momentum. if i feel very bearish, then i just sell naked calls and if it goes against me, i may roll it out buy up the strike price or get put with the short pos. i will either cover at a lower price or sell puts against my short pos. got pretty lucky when i bought back some bull options before nflx dropped. i took my profit last week and went neutral. will sell more calls if nflx hits 240. i don't like to buy puts or calls since it bounces around too much (time decay). this is why writing calls and puts have been profitable for me. but then again, i have lost big before...
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