NFLX puts sold

#Earnings Using today’s pullback to start my earnings trade on $NFLX. I only play this bullish on earnings (or perhaps way OTM calls if I can get enough premium). It has had huge up moves but only modest down moves in recent quarters.

Sold $NFLX July 20th 360 puts for 3.20.

Biggest UP move: 19.0%, Biggest DOWN move: -13.1%, Average move: 9.4%. This trade is -12.4% OTM.