$Netflix(NFLX.US)

NFLX saw some heavy selling volume today, but I’m staying calm. In fact, I’m using the volatility to my advantage.

I had an existing sell put that was already in profit. As the stock dipped, I saw an opportunity, I quickly closed that winning trade and immediately rolled into a new sell put with a 24-day expiry. I’m already holding shares, so this Sell Put is just another way to get paid while I wait for the stock to stabilize. If NFLX keeps sliding and I get assigned, I’m happy to add more "passengers" to the bus at a discount. If it bounces, I keep the fat premium. Either way, the circle keeps moving.

@Bridge Buzz SG