Jeff 7:19 am on Tuesday, June 26, 2018
Tags: supercharger ( 160 )

NFLX trade time?

@kathycon MamaCash — If I was looking at a #supercharger on $NFLX, would buying the July 6th 380/390 bull call spread for 6.75 be the right idea? How do you choose stop levels?

MamaCash 9:04 am on Tuesday, June 26, 2018

@jeffcp66, your NFLX supercharger looks great. I’d also look at the Jul6 375/385 for a little higher debit but a little less risk of being breached. Regarding stops, I either adjust or close when the short strike gets breached. Adjustments include turning the trade into an iron condor, a call credit spread, or doubling down with another cds. If I choose to close, it would be at a 50% loss. I don’t do that often.
MamaCash 9:07 am on Tuesday, June 26, 2018

I took the trade. Bot NFLX Jul6 380/390 BuCS @ 7.25. Thanks @jeffcp66!
- Jeff 9:27 am on Tuesday, June 26, 2018
  
  GTC order to close for $9.40?
  - MamaCash 9:30 am on Tuesday, June 26, 2018
    
    Yes, that’s correct.:-)
- Jeff 9:37 am on Tuesday, June 26, 2018
  
  Thanks for your input… got filled on one for 7.25, had to adjust up to 7.40 to get the rest. I may add IceMan’s BeCS to help finance.