-$39 Loss
NFLXLong Option
cwelect1

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.

000

Broker:ETrade
DatePrice
Entry10/6/20170.13
Exit10/6/20170.00
  • Total Views150
  • Position Size3
  • Percentage-100%
  • Option TypeCALL
  • Strike200.0
  • Expiration10/6/0017
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