I came across the Netflix (NFLX) chart based on my research in Investor's Business Daily. After looking at the charts for some candlesticks the set-up on the 27th and 28th seemed right to buy some puts. I decided to ladder my put activity, so I bought 1 Jun $90 put at $3.30 and 1 Jun $95 put at $4.10. With the nice downward move today like I expected, I'm currently up on both trades.
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On this strong downward move today. I closed out my Jun $90.00 put @ $4.30, but holding tight on my $95.00
I forgot to update my comments. I closed out my position on this back on May 20th at $7.40.
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