Trade Alert: Panicky action, buying call options on two stocks
Okay, I’m sensing some panic into the close here and I’m going to take a shot at nibbling at some longs here.
I’m buying some Amazon call options, dated out to May with $540 or $545 or so strikes on them. And I’m buying some Netflix call options dated out to June with some $95 or maybe some $100 strike prices.
I’m not committing much capital to this trade, just taking the other side of some panicky action. I will likely add to these positions Monday if these names are crushed again then.