Nflx

looks like topping pattern for NFLX market making new high but NFLX not participating

 

Closed out Sept17 140P short leg since it's almost atm now and tomorrow is expiration, dont want to get whipped by 1 delta if it goes itm. Rolled over to short Sept24 135P.

+ BOT 10 NFLX false SEP 17 '10 140 Put Option .848 15:37:03 7.60 1839.27 null
+ SLD 10 NFLX false SEP 24 '10 135 Put Option 1.650 15:42:54 4.64 null

ps typo in my previous post, not short diagonal, long.

 

Yes he was / is.

 

+ SLD 10 NFLX false SEP 24 '10 145 Put Option 2.100 09:49:18 7.14 null

should closed this out yesterday and rolled to 140, didnt have time at work. Closed 135 opened 145. Will probably exit if this pig hits 150, nuts.

 

ok i am out hitting stop, will try again if this ever reaches 165.

BOT 40 NFLX false SEP 10 '10 145 Call Option 1.50 09:39:57 28.54 8372.92 null
+ SLD 20 NFLX false SEP 10 '10 150 Call Option .090 09:41:25 10.27 -2584.54 null
SLD 20 NFLX false SEP 10 '10 140 Call Option 5.60 09:41:31 14.27 -3258.54 null

+ BOT 10 NFLX false SEP 17 '10 140 Put Option .848 15:37:03 7.60 1839.27 null
+ BOT 10 NFLX false SEP 24 '10 135 Put Option .300 09:46:09 3.94 1341.43 null
BOT 10 NFLX false SEP 24 '10 145 Put Option 0.70 09:46:16 3.94 1388.93 null
+ SLD 10 NFLX false DEC 17 '10 155 Put Option 16.000 12:35:07 3.94 -7457.87 null

-$360

 

back to play nflx again

Shorted 400 shares cost avg 155.88

 

you have some major !@#$ balls i hope you have a stop

 

I don't use stops. I will add to the position or exit based upon price action and portfolio weighting. I normally keep between a 10 to 40% short exposure. I cover a position like this if i get down a couple thousand. I normally actively trade a portion of a position intraday for improving cost averages but the general timeframe is 1 to 10 days. Goodluck.

 

i would wait until tomorrow's open to see what the price action is. This thing always pop at the open, then trails off but not today! just kept running higher.

 

nice bashes. u looze