NFLX earnings spread

[cdcaveman]

I'm in a put ratio back spread for a rare miss. Plus a butterfly positive bias

 

[atticus]

Quote from cdcaveman:

I'm in a put ratio back spread for a rare miss. Plus a butterfly positive bias

Virtually no risk in the 5-wide backspread, IMO.

 

[cdcaveman]

I love them! I'm stupid for not keeping one on cmg

 

[cdcaveman]

Its much more likely that you make money rather then you realize the Max loss

 

[IV_Trader]

Quote from atticus:

Virtually no risk in the 5-wide backspread, IMO.

RA , what I am missing here ?

+1/-4/+3 on the 20% mover ? U like it ?

 

[cdcaveman]

He was referring to ratio back spreading 5 wide

 

[cdcaveman]

Look at that.. lowering expectations. 65/60 back spread I own.

 

[atticus]

Quote from cdcaveman:

Look at that.. lowering expectations. 65/60 back spread I own.

Huh? You bot the 60/65 put back?

 

[cdcaveman]

No I own that sold one 65 bought two 60s

 

[atticus]

Quote from cdcaveman:

No I own that sold one 65 bought two 60s

Right, sold the 65P, bot 2 60P. You're going to lose $0.50 on it.