A Couple of Good Options Plays

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Now that I’m trading options again, I’m focusing on simple directional plays: buying puts on stocks that (a) have a clear technical pattern that suggests a move lower; (b) a price high enough such that the dollar move makes the potential percentage change meaningful.

In other words, I’m not interested in buying puts on a $15 stock; I’m focused on multi-hundred dollar issues. Here are a couple of stocks on which I own June puts. The big moves are probably coming after earnings are announced: April 22 for Netflix, and May 20 for AutoZone.

0411-NFLX

0411-AZO