Since yesterday's post, I was looking for NFLX to move a bit higher and set up a short entry. I'm inclined now to fill out the May 8th Equity short, Trade Idea : NFLX Short (Equity/Puts) which was at 75% of a full position:
"I'm inclined to leave a little room to add to, maybe 75% of a normal full position leaving 25% to add to if we get a better price"
I think I'll fill out that remaining 25% in the equity short and just let this be as a core short position.
We are in the area I hoped and expected we'd be in as of yesterday's update, NFLX Update.
And the charts haven't improved since. If I see a move that would set up a better put entry, I'll definitely look at that as well.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment