Monday should be a good day for put options on $AMBA, $NFLX, and $BIDU. Looking at the 1 to 2 week time horizon for these. I will get in early and take profits swiftly. Will also look for opportunity on the way back up b/c, after all, the market should continue to be pretty volatile. Best case scenario would be 1.5-2% drop in major US indexes tomorrow, a retest of August lows later in the week, resistance, and a bounce. Probably won't happen tho. I think tomorrow could start red and finish slightly negative or turn positive (just my intuition). So I don't want to mull over trades and over think. Monday will be telling for how I trade all week. We shall see.
$BIDU and $NFLX near the money puts should do well today. Consider buying two week calls near money in preparation for rebound only if trend starts to turn.
@Kev2128 Thanks for the heads up. Will be caution maybe even play the other side (if markets move higher). But if broader markets move lower $NFLX will feel the hurt all the same.
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