- SOLD STRANGLE NFLX 100 JAN 15 375/310 CALL/PUT @8.95
NFLX looks like a decent setup for a strangle. My OTM percentage is around %80 on my legs and I’m still getting a lot of credit for it. I’m seeing the stock normalize a little with the market into the next week. Vol may drop which would give me a little profit for a quick trade. Might take it off right before the holiday. Left a little extra upside room. Basically everyday that there is a vol contraction the option will lose value because the of theta and vega. So hopefully the stock will stay right around this level for the next couple trading days. If not no prob, I will wait it out and see what I can get later.
DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!