Bought PUT NFLX 185 APR-05-2013 at $6.75
Sentiment: Strong Sell
Nice trade - I opened a PUT for 180 APR-2013 (monthly)
The $200 million convertibles can be exercised in the coming weeks (at price of $85 bucks a share) which will put further pressure on the stock price.
SOLD PUT NFLX 185 APR-05-2013 at $9.05
Looking forward to buy the 180 call options.
Cover Short at $181.32