Tuesday, July 8, 2014

Going to be Taking NFLX July $465 Puts off the table

There's a little intraday move down, I'm going to close the position in to that, I was hoping the B/A spread would tighten up a bit, still pretty wide.

I want to close options before any reversal or even loss of momentum and we are at a loss of momentum, I'd rather re-open them on a bounce and book the gains now.

 I'm not sure what the final gain will be yet, but this is more than adequate for what I was trying to do in a quick trade.

intraday 1 min, NFLX looks as if it will lose intraday momentum and move sideways, the put premium will fall and I want out before then.

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