NEW TRADE IDEA:

New Bull Put Credit Spread Idea on NFLX

Reminder, please read the value-added documents at the bottom of your member area.

Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.

10/1: NFLX – Consider shorting Oct (10/5) $370/360 bull put credit spread (4 DTE) for around current mid-point of $1.00/share.   Breakout from ascending triangle daily and negating Friday’s red bar above the r20/50-MA on the daily, bullish weekly.  Stop Loss:  $370.87.