NFLX low IV is hard to pass. There could be a smarter play, but since I think markets may have a decent possibility of downside move, I got 10-20 delta puts. Will wait for a few days to see if it moves, else I modify the position. My possible trade below. Target of atleast a double.
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NFLX Daily |
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NFLX showing low IV on daily chart |
Netflix, Inc. (NASDAQ:NFLX) put naked:
Buy $170 Jun monthly put
(Debit $2.3)
*Please do your own research before buying any stock listed here. Disclaimer.
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