$Netflix(NFLX.US)

Since Netflix is holding up better than the broader market, it shows strong institutional support.

Observation: NFLX is showing incredible relative strength. While the indices are bleeding, Netflix is holding its ground firmly.

The Play: My Short Put position is benefiting from the high IV (Implied Volatility). I’m happy to collect the premium, and if assigned, I’m more than willing to own this beast at a discount.

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