Your right xandman it IS a tough trade in this environment. I don't mind being slightlhy neg but ultimately I'm forced to go long delta. Find some products you are positive on and put on a few debt call spreads, may be a calendar. I find I pretty much have to accept a week sometimes two where the portfolio is just flat. also really appreciate newurlds comments somehow they nailed it.
Well, we had a nice move up in NFLX. DISH positive earnings may have help sparked the move although DISH was down when I checked. Looks like I'm playing the right side of the V. I sold some 15 day call spreads into the move to buy( sell ) me some time. I put the fly trade on last week, way too early. I'll probably start squirming in my seat around 45 days to expiration. The 65 day butterfly, btw : S NFLX Jan 14 295 call B NFLX Jan 14 335 call S NFLX Jan 14 380 cal the 15 day call spread: S NFLX Nov 29 370 B NFLX Nov 29 380 I may layer another call spread in 2 weeks or I may not. Let's see how it goes.