NFLX earnings spread

[diaoptions]

These posts quoted below is a total lack of communication. http://www.elitetrader.com/vb/showthread.php?s=&postid=3582477#post3582477

Quote from cdcaveman:
just to let you guys know.. i had a weekly ratio backspread i just bought back at 4.10 i put it on at a credit of .20 thats really clost to a max loss for a ratio... first time ever.. not that i've put tons of them on.. but i said in this thread eariler its highly unlikely to realize the full loss.. and here i am.. haha Murphys law!

Quote from atticus:
Brother, you're buying vol-exposure second only to an ATM straddle, prior to earnings.

Quote from cdcaveman:
I bought a butterfly not a straddle.. and one ratio .. sorry man no comprende tu.. what do you mean

 

[cdcaveman]

sorry guys if i was unclear.. i put a butterfly with a positive bias on netflix.. and a ratio backspread on for earnings.. i lost on both.. the 65 /65 ratio i closed out at 4.10 debit.. i put the ratio on at a credit of .06 cents.. the butterfly i put on was totally a different trade.. both obviously weren't on target! thats copied right off my trade log.. i think i'll post that directly from now on.. i get mixed up with what people are saying alot of times and its frustrating.. so i should make my posts clear at least! haha

BOT 1 NFLX JUL 27 '12 + 105 - (2)85 + 95 Call Butterfly 1.57 USD
BOT 1 NFLX JUL 27 '12 - (1) 65 + (2) 60 Put Put Vertical Spread -0.06 USD


SLD 1 NFLX JUL 27 '12 - (1) 65 + (2) 60 Put Put Vertical Spread -4.10 USD


of course the butterfly expired worthless

 

[cdcaveman]

Quote from atticus:

Brother, you're buying vol-exposure second only to an ATM straddle, prior to earnings.

what do you mean??? i'm buying similar vol exposure to a ATM straddle..?