Once again no SUPPLEMENTAL play recommendations tonight, but instead let's try to add two
put spreads on existing positions and complete one (1) iron condor on (NFLX) and one (1)
iron butterfly on (TM).
We are recommending put credit spreads on the following two (2) positions we
have call spreads on.
We are adding put spreads on TM and NFLX.
We are recommending the following specific put spreads to complete an iron
condor on NFLX and one (1) iron butterfly on TM.
The addition of these two spreads should not require any additional margin requirement
with the right broker. Additionally, we do not want to tie up any more money with February
recommendations starting out the weekend of January 14-15.
Put credit spreads = bullish put spreads.