This trade inspired by CMLViz.
Bot NFLX Oct19 350/340/325/300 x 1/-2/-1/2 put @ 8.31 credit. Will close @ 50% profit or day before earnings on Oct 16 whichever comes first. No risk to upside. BE on downside 323. Will adjust with call credit spread or long put at 330, whichever is most cost effective.
#lophir
#pre-earnings