Friday, July 27, 2012

Should have resisted the 200% volatility in Netflix

As discussed here,  CCI couldn't resist trying to skim some profits from the 200% implied volatility in Netflix weekly options.We should have.

Despite less than disastrous earnings, the stock fell below the lower end of the range of  iron condor. I guess based on lower expectations. .

This speculative trade on weekly options was a loser.
Fortunately not a big trade/loss, but a loss never feels good.

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