
NFLX Option Expiration Trade Thesis: Break to 52 week high. Buy calls with target of $200. Good: Thesis was correct (price hit 199.88), but no way to know if $200 was realistic. I took 1st profit @0.45 for 2 of my 5 options. Bad: Option price hit nearly .80 (500%+). I left the 3 options that were my profits on the table to let it run ($1.50 option price). This was ridiculously greedy and I wound up losing it all as price came down and since this was expiration day, premium evaporated.
Broker:ETrade
| Date | Price | |
|---|---|---|
| Entry | 10/6/2017 | 0.13 |
| Exit | 10/6/2017 | 0.00 |
- Total Views150
- Position Size3
- Percentage-100%
- Option TypeCALL
- Strike200.0
- Expiration10/6/0017
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