Liz here, with some Netflix and kill.
After we closed out the first half of our June puts yesterday at 50%, the play continued to climb and closed up a whoppin’ 84%.
Remember, we got into these at $0.50.
I’m not ready to close this whole position out just yet, because as we all know, NFLX has more room to fall.
But let’s take off half, shall we?
Then – as Mark says – we’ll leave the final quarter for “F.U.” money.
Here’s what to do…
Close Out The Next Leg of Your NFLX Puts
Action to Take:
Sell to Close half of your remaining NFLX June 17, 2022 $100 Puts. Leave the remaining ¼ of your original position open for further upside.
May 12 2022