When you trade in the direction of a Bear Market and capitalize on high implied volatility, the profits tend to come faster. I prefer to define my risk because counter trend rallies tend to be unforgivingly sharp and intense.
After an earnings driven support break backed by a Very Bearish Power Gauge, we sold a $5 wide Bear Call Spread on NFLX on Jan 28th and rang the register at 50% max profit 6 days later. SOLD -3 VERTICAL NFLX 100 MAR 16 100/105 CALL @1.50; BOT +3 VERTICAL NFLX 100 MAR 16 100/105 CALL @.75
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