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Matt

11/11/2020 16:46

$Netflix I just tripled my position I now have 185 contracts, expiring this Friday, puts, at $477.50, my average price 3.71

and yes my timing was one day off, so I had to triple my position, average down, which is what I tell yall

Still currently no position in $ProShares UltraPro Short QQQ , I do think the NASDAQ will drop by end of day, I just have to time it correctly
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.

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All Comments(10)

Momo-Fomo11/11/2020 19:44
@Matt im in on $ProShares UltraPro Short Dow30 at 14.60 figured there is less risk cause the dow has been up for more than a week and a half with out a red day (from what I remember) and I wanted to play on the safe side today.

Do you think im in a good position and is it a good idea to hold over night?

Matt11/11/2020 19:46

Yes, I think you were OK, however I think the SQQQ will move more tomorrow, as I mentioned once institutional traders come back they will write the mistakes of the market today. Like zoom, Netflix, Apple, Microsoft

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Stonksgoup 11/11/2020 19:16
I would close your short positions if i were you

Matt11/11/2020 19:17

Thank you for your concern

Matt11/11/2020 19:17

Thank you for the advice, however as I told everybody else, between today and Friday I expected one Green Day and two red days, the green day is today, when institutional traders return tomorrow they will sell off

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EV FUTURE11/11/2020 18:50
Lmaoo good luck its going up We abt to burn ya

Matt11/11/2020 19:17

See the response to the gentleman above, I would’ve wrote the same thing to you

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Stonksgoup 11/11/2020 17:49
Do you like losing money

Matt11/11/2020 17:53

Nope, I like calling the bottom, risk versus reward, 1972, limited downside, lots of potential upside

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cam***com11/11/2020 17:32
spiking to 500 much more likely than the latter

Matt11/11/2020 17:36

We shall see, risk versus reward, I believe I have cheap put options, and I have from now until Friday close of business for this to drop a few points, the market doesn’t always go up, and institutional traders come back tomorrow, they will sell off

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J.D.Stockwell11/11/2020 17:15
you're a brave man

J.D.Stockwell11/11/2020 17:24

gluck brother, i have a long call but hope you make some cash also 🤙

Matt11/11/2020 17:20

Risk versus reward, 300% gain versus potential 50% loss, and I think I read the stock the right way, there is some stocks you just connect with

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Aesquivel11/11/2020 17:13
Do you own any netflix stock thar you are buying puts on or are just buying uncovered puts ?

Matt11/11/2020 17:20

Always uncovered, on this one risk versus reward

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Matt11/11/2020 17:06
Curre t 485 way too high

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Matt11/11/2020 17:06
Just added again to my parish position for Netflix

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Matt11/11/2020 16:47
Current price $484.51, just so you guys know my starting point

webulljunkie11/11/2020 16:47

sqqq moving down

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