PEAK Play

When Reed Hastings said he was concerned about his NFLX and I saw how high NFLX was last night I knew that this morning I was going to buy a Put.

Done for the day...

NETFLIX
10/22/2013 O STC NFLX OctWk4 385 Put 3 $19.00 $14.95 $5,684.86
10/22/2013 O BTO NFLX OctWk4 385 Put 3 $10.70 $14.95 ($3,225.04) 2,459.82
Total Realized Gain/Loss for NFLX $2,459.82



Edited 1 time(s). Last edit at 10/22/2013 08:57AM by Darcy2.

Wow! Congrats Darcy.

I'm always nervous about playing a stock when it opens that far outside of the BB.

robert,

You make this sort of trade with a finger on the sell button!

NFLX has also been given a downgrade about 5 minutes ago.

I think I got out in time!

Wow,

Nice brick to toss on the pile. Nice indeed!

R

RichieRick,

Thank you. Had I remained in the trade I would have pulled down over $6,000.00 but I don't stay in peak plays longer than 30 minutes even if they look like I can make more. They reverse rather swiftly. I time myself close.

After I left trade NFLX was given a downgrade and went into the red. NFLX is moving crazy now.

LOL Had I remained in the trade I would be up $11,775.00 up. That's what the bad news did after I got out! All one can do is laugh!

And be Happy in Seattle!

Still... a great job!

RR,

Yep I am. After I leave a trade I always monitor it. I think NFLX must have some problems somewhere when even the CEO talks his stock down.

I love to trade NFLX.

Anyway this entire market is looking strange right now. Hum....I think something is going on again like short selling. Charts aren't looking right like option are selling on one side. Think I'll check the buy and sell orders. something just seems odd to me.

I think I forgot to pay my NetFlix bill this month. Maybe that's it:-)

Those nasty short sellers, they have been whipsawing me lately, hehehe.

I like to continue to watch after I leave a trade also. When I can. It's kinda automatic really since I tend to stay inside my watchlist basket of stocks.

WOW great trade Darcy