i see these market corrections
oct2018
may2019
aug2019
feb2020 ?

and these seem to align with NFLX topping 384… i am guessing this is just a wild coincidence?

That can only be answered in hindsight as it would depend on 1) IF NFLX reverses from here and 2) All the various details of the put option (strike price, premium, expiration, where NFLX falls to various points before that contract expires, etc…).

My short answer is, No but that has a lot to do with the fact that I’m not a big fan of options. Typically, the smart money (institutions) sell options & the dumb money (retail traders) buy them.(The majority of options expire worthless).

As I like to say: It is one thing to get the call right on WHERE a stock is headed but it brings in a whole other degree of difficulty to not get the call on the direction right but also nailing WHEN the stock will get there (as options have an expiration date).

Take my recent USO long trade as an example. I was dead on where the stock was headed, including where the rally would end. However, I entered the trade a week early (Feb 3rd) and crude bottomed 7 days (5 trading sessions later). Actually, as I type I realize that might not be the best example as it was a relatively short trade but there have been many trades that I’ve posted over the years that took quite a bit longer to play out than I had originally anticipated (many weeks or even many months) but eventually did hit all price targets without being stopped out. Had I gone with options on those trades, they would have most likely expired worthless.