FAANG NFLX

FAANG NFLX Options Trade Broken Wing 🦋 Butterfly

January 30, 2023February 5, 2023 Jerry 3 Comments

Investing, Options

FAANG NFLX Options Trade. Originally, I put in a Broken Wing Butterfly on this NFLX FAANG Options trade, following the great master options trader, Tony Batista.

FAANG NFLX Options — The idea with this FAANG trade on NFLX is that you can’t lose any money to the downside, you can make up to $600 if it lands at the tip, and a max loss of $400 if it goes beyond 400. It cost me $100 to enter, has a 75% POP and a 84% P50. Not bad!

A couple days later, Netflix moves from 365 to 363 Tony mentions that he’s rolled the long call down from 405 to 400. He mentions he’s made about $15 and this trade now has no risk.

FAANG NFLX Options Broken Wing Butterfly Trade from Options Trades Today. — The latest P&L profile shows that it’s going to make a max of $772, and worse case scenario has a–what 100% chance of making $272, minus the $81 debit I paid to roll down the call side. Just need to sit pretty for 46 more days and… wait.

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