On Friday February 26th I sold 10 contracts of the $101 Calls for $1. Today NFLX is down and the premium went down to $.25. The Call on Friday I sold for $1000 and today I bought back to close out the option for $250. This was a 1 day deal for a profit of $750. Here’s the sell and buy order:
Friday
Sell to Open 10 NFLX 3/4/16 $101 C @ $1 (+$1000)
Today
Buy to Close 10 NFLX 3/4/16 $101 C @ $.25 (-$250)
I’ll watch NFLX closely this week. I try to sell another Call expiring this Friday or next Friday.
Steve
The Options Coach