$Netflix(NFLX.US)Last year, I shorted at 90, bought a 90 put, then rolled it to a 100 put, held on until 75 and shorted another 80 put. After the reversal, I closed the 80 put, and after it broke below 100, I followed Goldman Sachs' lead and rolled to a 120 put, which I haven't closed yet. Now, encountering another pullback, with the current margin level, there seems to be no need to rush to close the position. I'll wait for the target price.

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