Tomorrow we will have an opportunity to take a small profit in the spread position we have in Facebook, while at the same time, open up a new position in NFLX. The net result, once executed, will be a cash credit to our account. Below is a link that will bring you to a video that explains the strategy.
I’ve also attached a PDF file that outlines the two positions in detail so be sure to review all of the material before entering any orders to your account. Remember, these orders should be entered for the opening of the market tomorrow morning. Have a great weekend ahead.
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