Wednesday, January 16, 2013

Setting up new spread

NFLX. That was an old trade, David. As I recall, I profited even on the roll-out. I generally don't hold my positions very long, so when NFLX got into trouble (in Aug 2011, as I recall), I was out. I'm back in with a new bull put spread, Jan15 90p covered with a Jan15 60p. I put this spread on one leg at a time, first selling the 90p, waited for it NFLX to rise before buying the 60p.

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