Short

Short $NFLX here

Updated

looks like a great short here. Took some puts Nov 24 $437.5 and $435.

I'm expecting a retracement down to at least $413 or $396, however lower targets also possible (hence why I added the to the chart).

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Went up through resistance, will add more puts if we hit the upper resistance tomorrow.

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Waiting for $465, think that's a good level to add more.

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Starting adding here at $465 - think we get a pop to $469 between today and tomorrow and that's the top.

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April 2024 puts is what I'm taking and close to in the money

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Clearly got the timing of this one wrong. Next key levels are $481 and $496. Still think we should top out somewhere soon.

My puts that expired this week I rolled until next week. I own $440 and $435 Dec 1 puts. Those are risky though. Really the play I'm looking for is to buy puts up in this range for April 2024 and hold for the next 5 months.

Think netflix will end up a lot lower over the course of the next 6 months.

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Bought NFLX 03/15/2024 430.00 when price was at $481

benjihyam

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