Below is a link that will bring you to the next trade alert from The Option Oracle.
This is a 2-part repair strategy that we are applying to our NFLX Position. As I mentioned in the video, I expect this to quickly turn out to be a winning position next week but we must first limit the loss on our existing short 410/420 Call spread.
Always remember that our number one goal is to manage risk. It would be silly to think we are going to make money on every trade but thanks to our “Position Trading” approach to the market, we are going to do just fine with this one.
This is a trade setup for July 12th, on the opening of the market. Please do your best to get the trades entered so they will be ready to go when the market opens up tomorrow morning.
Have a great trading day.
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