$Netflix(NFLX.US)

As discussed previously, the sharp post earnings sell put in NFLX driven by conservative guidance and one time profit inflation presented a textbook opportunity. While the market panicked, I saw a clear window to capitalize on the spike in Implied Volatility.

I successfully opened a Sell Put position last night. By setting my entry point well below the current market price, I am essentially getting paid a high premium to wait for a better cost basis. I have a strong long term conviction in Netflix’s streaming dominance, and I am happy to either pocket the elevated premium or own the shares at a significant discount. Sticking to the plan: buy the fear, sell the volatility.

@Bridge Buzz SG

@Fattycat