Options Think Tank

[Scandle34]

I played it too early with same-week puts so I have to carry that loss but I am 2x already on the May 17s I replaced the earlier ones with. Yes, I see them going from $4.30 ($8.80 now) to near $20 before I get thinking it is bottom.

ASH is also a given. 100 PE and a history of forming bull islands on the daily chart. This island is near an end.

I wish I was as confident on NFLX - it is inevitably going down but "tick tock"