“Main Street beats Wall Street” readers who are trading, reading my emails live and watching the news, Check out NFLX! A little while ago I sold a Naked Call on NFLX and a little while after that I covered that Call. In my post I wrote, “NFLX can move $3 at any time.” Well it just did! News just came out that “Comcast will allow popular web video streaming service Netflix onto it’s platform.” I’m so glad I covered my Naked Call. If NFLX stays above my Strike Price of $95.50 until Friday, this will be a nice trade.
Grasshoppers, this is the type of thing that happens in the market all the time. You must have a stomach for this game. If I only had a Naked Call as a position, this news would have been a problem. Luckily I decided to cover this Call.
As I write NFLX is pulling back a little!
Steve
The Options Coach