Noooo. I was responding to the asym fly with that one. I recommended the 75/80 long put backspread (short 80P, long x2 75P). I had no position in NFLX.
what do you mean by that? arb.. arbitrage obviously but in what respect.. are you saying you can sell the ATM and buy OTMs for neither a credit or a debit? is that what your saying.. i looked at that and i was wondering what kind of profit that would be in now considering the down move.. my backspread will probaly still expire worthless
yeah but that cost 1.30 that would have been actually a pretty good bet.. its going to be worth like over three bucks thats the 80 75 backspread.... but i don't like how you have to put out 1.3 to potientially lose 4-5 if the thing doesn't go that far down..