This Wednesday, March 30th I sold 5 contracts of NFLX 4/1/16 $104 Naked Calls. You can see the post by hitting the link, More NFLX Naked Calls. I just bought 500 shares of NFLX to cover that Call. Actually, I didn’t buy the stock to cover my Call I bought the shares because NFLX was upgraded today to Overweight from Neutral by Atlantic Equities. I bought the stock at $103.45. If the stock gets to $104 by the end of the day I will be covered because today is Expiration Day. If not I want to own the stock because I think there is plenty of room for it to move up. I still like NFLX! Here’s the buy order:
Buy 500 Shares NFLX @ $103.45
As I’m writing this NFLX just went over $104. I’m glad I’m covered!
Steve
The Options Coach