Shorting Netflix due to the uncertainty in the market due to SPY sell off. Netflix is overall a great company however it is very closely effected by the SPY much like last october a sell off lead Netflix down to the bottom and consequently is also uplifted the stock due to its latent rise. Of course earnings also were a catalyst.
My Move is more near-term which makes it all that much risky.
345/350 Call Credit Spread Fill price $2.56 + commission Max loss 2.44 EXP May 31st
Depending on SPY movements I may manage my position and take a gain for $1.25 if the position allows due to near-term risk.
This is a journal entry and not trading advice.
My Move is more near-term which makes it all that much risky.
345/350 Call Credit Spread Fill price $2.56 + commission Max loss 2.44 EXP May 31st
Depending on SPY movements I may manage my position and take a gain for $1.25 if the position allows due to near-term risk.
This is a journal entry and not trading advice.
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