NetFlix Trading Idea (NFLX)

With Netflix NFLX near 52 highs once gain a juncture has been reached. Strangling the 130/140 level of the stock is a way to play a double top scenario as well as new all time highs. This an expensive trade, though are you controlling a great deal of a high priced stock. Trade Idea Buy 1 September 140 call Buy 1 September 130 put for a total of $7.70 a contract net debit of $770 Max loss Premium paid