Terra_Incognita
06-27

$NFLX DIAGONAL 250718/250711 CALL 1300.0/CALL 1250.0$ NLFX: trade risk management. A losing trade at the money that need more active management to reduce the impact.NFLX is on the very bullish rise and is up 59% since it's 7th April low. That's lots of ground for a stock that's priced now above $1300 per share. Had been holding short position on NFLX trade and is now on damage control. Roll out this 11th July strike $1250 short call contract to 18th July strike $1300 to buy some additional time and also higher strike to cater its rise. 18th July contract Volatility is higher due to its reporting of earnings on 17th July so this can be a binary situation. However, the higher volatility allows me to be able to roll higher and further while still be able to secure some credits should this trades turns back into my favor. Will monitor and manage this trade more actively as the margin is high to maintain these 2 contracts due to its value. 
NFLX Diagonal
06-27 00:13
US1300.0/1250.0
SidePrice | FilledRealized P&L
Credit
Close
-2.60
1
--
Closed
NFLX DIAGONAL 250718/250711 CALL 1300.0/CALL 1250.0
# Trade Feed: Who is your favorite trader?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

  • Top
  • Latest
  • Kristina_
    ·06-28
    Tough spot on the rally
    Reply
    Report
  • flipzy
    ·06-27
    High volatility
    Reply
    Report