Jeff 1:22 pm on Monday, October 17, 2016
Tags: Earnings ( 3,108 )

Boom!

#Earnings After a four straight quarters of down moves, NFLX resumes its huge moves UP on earnings. At least it is easier to manage ITM 115 calls than it was ITM 700 calls.

Ramie 1:30 pm on Monday, October 17, 2016

I remember those days. It was crazy how relentless it was going up pre-split. I’m still dealing with adjustments and rolls from last year. Today’s earnings (if the price holds tomorrow) will be a help.
rck89 6:05 am on Tuesday, October 18, 2016

NFLX – I was “lucky” to get a small position in NFLX Nov 105 calls. I owned them for the earnings event which worked out. Now is it better to sell on the open or wait a bit? I’m always seems to “jump the gun”. Thoughts, please.
- Jeff 6:18 am on Tuesday, October 18, 2016
  
  You are pretty far ITM so the value will mostly be intrinsic. Your gamble is to wait and see where NFLX goes the rest of the week. I would try to sell at least one right at the open to see how much you can get. Perhaps IV will give you some extrinsic premium and you’ll get a lot. But I don’t trade long options often, so others may advise differently. I would likely sell most of the position at the open, and hold one or more to see if price goes higher.