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Kevin M. O'Brien
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Options trader full-time, author, owner of www.kevinmobrien.com, a subscription-based service. Born in Chicago. Follow many stocks in the tech, financial, and agricultural sectors. Trade daily with a 5 Technical Indicator Strategy I developed. Also trade debit spreads, strangles, and also hold... More
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Kevin M. O'Brien
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Breakthrough: A Consistent Daily Options Trading Strategy For Volatile Stocks
  • We'll Go Ahead And Add Netflix (NFLX) Back To The Daily Options Strategy  27 comments
    Feb 2, 2012 12:25 AM | about stocks: NFLX
    The stock was giving me the jitters back when it was hovering well under $80.00/share. Before that, it was one of my favorite stocks to trade using my strategy.

    I will be back writing next week, and I promise to have an article like no other I have written yet.

    Thank you all for your gracious comments. I really do appreciate it.

    Stocks: NFLX
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This post has 27 comments:

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  •  
    I agree. I am on it too. Also I traded iron condor this and last time and paid me well.
    2 Feb 2012, 12:43 AM Reply Like
  •  
    Started to Miss Your articles, looking forward to it!
    2 Feb 2012, 02:56 AM Reply Like
  •  
    Should be back at it soon. Thanks.
    6 Feb 2012, 07:03 PM Reply Like
  •  
    Thought your were on Riviera after ebook piblished
    2 Feb 2012, 09:03 AM Reply Like
  •  
    Good one...
    6 Feb 2012, 07:03 PM Reply Like
  •  
    Can't wait to read more of your articles. I check back everyday for your insight. You have taught me so much about trading options. I can't thank you enough!
    2 Feb 2012, 11:31 AM Reply Like
  •  
    Thanks. I appreciate it. Be back at it soon.
    6 Feb 2012, 07:03 PM Reply Like
  •  
    I agree with the foregoing, Kevin. Thanks. You've helped me get down to the VERY IMPORTANT daily nitpicks of successfully trading options. Lem.
    2 Feb 2012, 12:27 PM Reply Like
  •  
    Thanks lem. I appreciate it. Got something in the works...
    6 Feb 2012, 07:04 PM Reply Like
  •  
    Look foward to it Kevin! Love your articles, theory plus the practicality of the real wold. A rare and welcome treat.
    2 Feb 2012, 05:28 PM Reply Like
  •  
    Thank you. I am working on some articles now.
    6 Feb 2012, 07:04 PM Reply Like
  •  
    Looking forward to your next article. Hope your move went well.
    2 Feb 2012, 07:59 PM Reply Like
  •  
    Thanks you. It's been a busy last two weeks. Also doing some consulting with the daily options trading strategy.
    6 Feb 2012, 07:04 PM Reply Like
  •  
    Anyone care to share some entries they've found lately? I've been learning this strategy by reviewing the charts when I get home from work and I haven't been finding too many. I could just be reviewing slow days, but I want to make sure I'm not missing something here.

    Thanks
    8 Feb 2012, 05:34 PM Reply Like
  •  
    They are there, trust me... remember to always look at the alternate stocks too.
    8 Feb 2012, 05:42 PM Reply Like
  •  
    ISRG @ 10:42? NFLX @ 11:16? That's all I saw for today from the following: AAPL, GOOG, CF, WYNN, FFIV, ISRG, CMG, VMW, BIDU, NFLX, CRM, LVS, FAS, FAZ, EMC, MRVL, AA, NVDA, AKS.

    If there were more today then I must either have one of the indicators setup wrong or I'm viewing the bands as too narrow. I understand the patience required for this strategy, but after a full workday I want to make sure the time I'm putting in to learning this is as productive as possible. I probably need to add a few more stocks to my list too.
    8 Feb 2012, 06:13 PM Reply Like
  •  
    I had an entry yesterday Monday in NFLX at 9:30am PST. Worked out perfectly. Kevin, when do you roll and start using the next month instead of the current month options?
    14 Feb 2012, 09:15 AM Reply Like
  •  
    I usually like to have at least a month of time-value whenever possible. Starting next week, you would then use the April 2012 strikes.
    14 Feb 2012, 09:38 AM Reply Like
  •  
    Great, thanks Kevin!
    14 Feb 2012, 09:52 AM Reply Like
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    You're welcome...
    14 Feb 2012, 10:06 AM Reply Like
  •  
    I hope a lot of people bought that NFLX put at 11:12 EST. That was a quick exit.
    14 Feb 2012, 11:17 AM Reply Like
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    Missed it. I was not in front of the comp at that time :-(
    15 Feb 2012, 12:31 AM Reply Like
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    I saw it to late. I checked the 58 delta put and did not see any real volume so it does not look like many bought it. But thanks for confirming what I did see.
    14 Feb 2012, 12:04 PM Reply Like
  •  
    Generally, you want to use a bit of a higher delta than .58 to ensure you get out of the trade real quick.
    14 Feb 2012, 05:38 PM Reply Like
  •  
    Kevin, have you ever looked at and considered CME for this trade?

    Thanks
    Mike
    15 Feb 2012, 08:44 AM Reply Like
  •  
    Yes, it does work well, but volume is horrible and so is the spread. Just wrote an article about that, actually.
    15 Feb 2012, 10:51 AM Reply Like
  •  
    Another NFLX trade today that worked. I think at 8:42 PST.
    15 Feb 2012, 02:27 PM Reply Like
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