NETFLIX - NFLX is bouncing at the upper extreme, the U-MLH, where chances are high that price will trade back to the CL.
In this video I explain why and how I would play this to the short side.
I partially closed my NFLX position, netted in a nice $1064 profit per contract per 2 Puts.
The spread will be sold for a 50% profit, since I have now time and a save distance on my side.
So I leave it on to play out.
I'm curious if anybody of you guys & gals have made something out of this analysis, which I've posted in the video above?
Let me know how you have traded NFL, or let me know why not, since this is even more important to correct certain fears etc. - Awaiting your email and/or comment below...
I closed out the whole trade, with a another profit from the Spread of $87.50 per contract.
I re-establish this trade in another form, we'l see.
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