NFLX Iron Cockroach

NFLX @ $509.

STO NFLX Jan 22, 510 / 520 Call credit spread + 505 / 485 Put credit spread @$13.10 credit for the combo.

Downside max loss $6.90 ($20 spread width – $13.10 credit received). Downside breakeven NFLX @ $490.

No risk to the upside – keep ($13.10 – $10.00) $3.10 residual credit.

#IronCockroach