NFLX - Earnings Tuesday, April 20 - 580/600 Call Debit Spread

[OptionsOptionsOptions]

NFLX - Earnings Tuesday, April 20


I entered this trade today:

• April 23 580/600 Call Debit Spread, 1 contract.
  
• Total debit $437.50.
• Sell-to-close order for $15 ($1,500), good till April 23.
• Will modify the sell order if necessary.

 

[OptionsOptionsOptions]

• Earnings today.
• My price target $600.
• Current price $548.

 

[caroy]

can't win them all I guess...........

 

[longandshort]

I was short NFLX.

@OptionsOptionsOptions what is your approach to determine if 1) you should trade and 2) what direction to bet on?

 

[Justrade]

OUCH!!!... that hurt my account!!!!

 

[OptionsOptionsOptions]

.....what is your approach to determine if 1) you should trade.....

I like to buy calls before earnings.

......and 2) what direction to bet on?

I am always bullish so I buy calls.

 

[longandshort]

short straddle + long otm call

Capture that implied volatility and upside