Not getting sucked into this move to the short side like I did in 2015. My current position is small and continues to be able to rolled for a credit so I’ll do it as long as I can.
Rolled $NFLX Apr 6 300/315 strangle up and out to Apr 13 312.50/325 for .90 credit.
This position started as short 260 calls in the 1/26 expiration. Been rolling since then. A few rolls in, I had to add puts to create a strangle, to keep being able to generate credits. Total credit accumulated on this trade is now 6.42 with my strikes out of the money again. We’ll see–April 13 is a long way off for a stock like this.