Traders Cooperative

[royg1927]

Hi Farooq,

Cut it out. I'm barely holding my own today, going against the grain. But thanks anyway.

I thought about loading NFLX Oct 14 strike 115 calls early but didn't. The strike 115 calls were available early at 1.13 and have since traded as high as 4.11, last trade at 4.05. Coulda, woulda, shoulda ...

But now, with the stock having gone so far almost straight up, I can't chase calls.

So I'm just looking for exhaustion and some toppy indications. But in no hurry. I've really been wrong with small puts scalps this morning and am tired of it. Barely managed to keep away from red (all except that last time) by watching closely and committed to a tight mental trailing stop every time. The spread is so big that I can't afford booking a stop order, and besides, Ameritrade doesn't support trailing stops on options. Does IB?

NFLX "ought" to go further lower, but what do I know? I'm just spoiled by the big score from Monday.