Adjustments and Comments on Weekly Option Trades
9/7/17: NFLX – Shorted Sep (9/8) $172.5 naked puts for $.17/share. 9/8: Bid $.01/share to close to avoid any gap risk after market, to book $.16/share (94% of Max Gain), currently $.01 x .02.
9/7/17: NFLX – Shorted Sep (9/15) $170/162.5 bull put spread for $.58/share. 9/8: Mid-point to close is $.26/share, which is 50% of Max Gain in a few hours. Feel free to cover half or all if like, but tighten stop loss to $178.58 to protect gains, and bid $.10/share to close.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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