We are going to add the put side on the NFLX stock, creating a iron condor and picking up some additional premium to offset any potential loss if NFLX continues its volatile behavior to the upside and should stop us out.

This spread should not add any additional margin requirement to your account as the NFLX call spread meets the requirement on the iron condor position.

We are adding the following put credit spread on NFLX.

This will complete an iron condor on our NFLX position.

We are recommending the following specific credit spread.

Put credit spread - bullish call credit spread.