Look Beyond Slow Trading

I've seen several traders wrap it up early today -- folks who are normally tied to their desk, if that gives you any indication of how this market is moving today. When it gets slow like this, it's easy to become distracted. On days like this I generally avoid all television and social media, unless I'm there to be sarcastic. It's too easy to fall into a boredom trade or annoyance tirade. Sometimes it's better to simply put your pencil down and ask for an all-day bathroom pass.

I have a few earnings trades on for this evening. First is Netflix (NFLX) and its bearish chart. I've found the chart is usually only good for target levels and not an indication of bullishness or bearishness. I'm approaching this one a bit differently. I'm going long the Feb. 21 $325 put/$340 call strangles as well as the Feb. 21 $300 put/$360 call strangles. Against each of these, I am selling one Jan. 24 $300 put/$360 call strangle. My total cost will be between $31.50 and $32. I'm looking for $300 or $355 on NFLX by the end of the week....103 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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