NFLX Trade

I just wanted to post a short update today. Yesterday, I posted an update to my options trading and mentioned I was holding NFLX put spread through earnings. The value never gave me an option to close during trading yesterday. At market close the trade closed with my P/L showing $13 gain (which would have been impossible to get out right at that moment). This morning I closed the position for a total profit of $25 so I made $12 holding that trade overnight. I will tell you what is was nice to be able to make that profit but I watched the price action all night. It definitely ups the stress holding a position like that.

In order to see how these earning plays work out. I put another IC on for EBAY. The IV rank is 77. I brought in $.48 dollars for $1.50 wide wings. The short strikes are $36 and $32. As long as EBAY moves less than 6% for earnings I should be able to make a profit on this trade. Below you can see the trade I put on.

Check back soon to see if I made it with this EBAY trade or not.