I owned a long 355 call and short 365 call for a gain of $1000-$374. 374 is the cost of the call spread.
On Tuesday, October 18, 2022 at 3:14:21 PM UTC-7, uncle_vito wrote:
I owned a long 355 call and short 365 call for a gain of $1000-$374. 374 is the cost of the call spread.NFLX had a big move back in July, but since the last month went sideways. Today shows a red candle, selloff.
MACD/Stoch indicators shows it overbought.
We may see some downturn, I think, depends on the market!
On Tuesday, October 18, 2022 at 6:24:43 PM UTC-7, Scream wrote:
On Tuesday, October 18, 2022 at 3:14:21 PM UTC-7, uncle_vito wrote:Took my gains this morning. After the cost of the options, made about $230. Stock continued to go up, but I believe in profiting on the "low hanging fruit" and possibly leave some on the table.
I owned a long 355 call and short 365 call for a gain of $1000-$374. 374 is the cost of the call spread.NFLX had a big move back in July, but since the last month went sideways. Today shows a red candle, selloff.
MACD/Stoch indicators shows it overbought.
We may see some downturn, I think, depends on the market!
I do not do long term holds on these, especially with the volatile market and an expected recession. I just traded the earnings announcement using options such that any downside loss was limited.
On Wednesday, October 19, 2022 at 4:46:51 PM UTC-7, uncle_vito wrote:
On Tuesday, October 18, 2022 at 6:24:43 PM UTC-7, Scream wrote:
On Tuesday, October 18, 2022 at 3:14:21 PM UTC-7, uncle_vito wrote:Took my gains this morning. After the cost of the options, made about $230. Stock continued to go up, but I believe in profiting on the "low hanging fruit" and possibly leave some on the table.
I owned a long 355 call and short 365 call for a gain of $1000-$374. 374 is the cost of the call spread.NFLX had a big move back in July, but since the last month went sideways. Today shows a red candle, selloff.
MACD/Stoch indicators shows it overbought.
We may see some downturn, I think, depends on the market!
I do not do long term holds on these, especially with the volatile market and an expected recession. I just traded the earnings announcement using options such that any downside loss was limited.Oh, wow!
NFLX had a +$30 pop today to $272?
Big gap from $240!
Wonder if more upside move is ahead?
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