Out Of My NFLX Naked Call

Earlier I entered a Naked Call with NFLX. You might think That’s crazy, and you might be right. But I did sell a Call that was $85 Out-of-the-Money. The stock dropped a little and I got out with a $303 profit. Not bad for a Day Trade!

7/13/20 -Sell to Open 1 NFLX 7/17/20 $650.00 C @ $9.03 (+$903)

7/13/20 – Buy to Close 1 NFLX 7/17/20 $650.00 C @ $6.00 (-$600)

Profit +$303

I am not a Day Trader but I did make 2 today. One with PTON and the other with NFLX. These 2 trade brought me in a total of $903. To me, this is a great start to my week. Let’s hope it can continue.

Successful trading,

Steve

The Options Coach