I'm going to go ahead and open a 1/2 size (SPECULATIVE) NFLX 8/21 $114 Put position considering NFLX equity short is already an open position and there are a few more things I'd like to see happen before going with a full size position.
The market for the most part is doing what I wanted and moving lateral (IWM specifically) which is leading to larger intraday negative divergences. However it's the intermediate timeframes around 10 min that I really want to see move and the way the markets are acting now (IWM specifically) with lateral trending and worsening intraday divergences, that could happen, which is part of what I'm considering in the NFLX spec position size above.
5 years ago
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