$NFLX 20261120 90.0 CALL$ 🐱 Blink Fans | Why I Sold an NFLX Covered Call – Collecting Small Premium While Waiting for Netflix to Recover

🐱 Blink Fans | Why I Sold an NFLX US$90 Covered Call to Collect Extra Premium

Sometimes, even when a stock is not moving in the direction I want, I can still use options to generate a little additional income.

My latest trade is selling one Netflix (NFLX) US$90 call option expiring on 20 November 2026.

The premium is only US$0.03 per share, which gives me US$3 gross for one contract.

It is certainly not a big amount, but my objective is to collect some additional premium while managing my existing Netflix position. My cost basis is slightly higher, so I am looking at ways to generate extra income rather than simply waiting for the share price to recover.

For me, options trading is about managing positions patiently. I don’t need every trade to produce a huge premium.

1️⃣ Why am I making this trade now?

📉 1. My Netflix cost is slightly higher

Netflix is a company I am still interested in holding, but I also recognise that share prices do not always move in our favour.

When my purchase cost is slightly higher than the current market price, I have to think about how I want to manage the position.

Instead of simply waiting for the stock to recover, I can consider selling covered calls to generate additional premium.

My latest order details:

* Underlying: Netflix (NFLX)

* Strategy: Sell covered call

* Strike price: US$90

* Expiration: 20 November 2026

* Contracts: 1

* Premium: US$0.03

* Gross premium received: US$3

I am not expecting this small premium to change my overall investment performance significantly. However, it gives me an opportunity to collect something while managing my shares.

💰 2. Why I am willing to collect just US$0.03

Some investors may wonder why I bother selling a call for only US$0.03.

My thinking is that I don’t always need to chase high option premiums.

Sometimes, I prefer a small premium if the strike price and assignment conditions are acceptable to me.

One contract represents 100 shares.

US$0.03 × 100 = US$3.

This is my gross premium before commissions and transaction costs.

I understand that US$3 is small, and fees could consume a meaningful portion of it.

Therefore, I will only consider this worthwhile if the execution costs are reasonable and I am comfortable with the obligation.

🐱 3. Why I prefer covered calls instead of simply waiting

A covered call allows me to generate option premium from shares I already own.

The strategy involves holding at least 100 shares and selling one call contract against them.

If Netflix remains below US$90 at expiration, the option may expire worthless, allowing me to retain my shares and the premium.

If Netflix rises above US$90, my shares may be assigned at the strike price.

I must be comfortable selling at that price.

One important point: the premium does not automatically recover my higher purchase cost. It only provides a small additional cash receipt.

📊 4. My outlook on Netflix

I remain interested in Netflix because of its global streaming business, content library, advertising opportunities and subscription model.

However, I also want to monitor competition, subscriber growth, content spending and profitability.

The entertainment industry is competitive. Netflix must continue producing content that attracts and retains subscribers.

My short-term outlook is more cautious than my long-term business interest.

I am not expecting every trading session to be bullish. I prefer to manage my position according to the market conditions.

2️⃣ What’s my plan from here?

🎯 5. If Netflix stays below US$90

This is the outcome under which my short call could expire worthless.

I would retain my 100 shares and the US$3 gross premium.

I could then assess whether another covered call makes sense.

I will not automatically sell another contract just to generate premium.

🎯 6. If Netflix rises towards US$90

I will monitor the option premium and the share price.

If Netflix approaches US$90, I need to decide whether I am comfortable allowing assignment.

If I want to continue holding my shares, I can evaluate buying back the call or rolling it to another expiration and strike.

However, rolling involves closing one position and opening another. I will compare the costs carefully.

🎯 7. If Netflix falls further

If Netflix declines, the call may become cheaper, but my underlying shares could lose more value.

The US$3 premium provides very little protection against a significant decline.

I will reassess the business fundamentals and decide whether I still want to hold my shares.

I don’t want to keep averaging down without understanding why the stock is falling.

🐱 Technical analysis: What I want to monitor

Before opening another covered call, I want to study the NFLX daily chart.

My checklist includes:

1. Moving averages: Is the share price above or below its short-term and long-term moving averages?

2. Support and resistance: Where are the important price levels?

3. RSI: Is Netflix oversold, neutral or overbought?

4. MACD: Is momentum improving or weakening?

5. Volume: Are buyers returning, or is selling pressure increasing?

I would also monitor whether the share price is approaching my US$90 strike.

I don’t have the underlying Netflix chart here, so I won’t invent support, resistance or RSI readings.

🐱 Blink Fans Conclusion: Small premium, disciplined strategy

My decision to sell the NFLX US$90 covered call is about collecting a little additional premium while managing a position where my purchase cost is slightly higher.

The US$3 premium is small, but I am more concerned about choosing an acceptable strike price and understanding the assignment risk than chasing the biggest possible premium.

I will continue monitoring Netflix’s business performance, share-price direction and technical indicators.

My three principles:

🐱 Collect additional premium when the trade makes sense.

🐱 Be comfortable with the price at which I may sell my shares.

🐱 Never confuse a small option premium with protection against a falling stock.

My philosophy: Even when the market is quiet, I can look for opportunities to manage my portfolio more actively.

Disclaimer: This is my personal trading journal, not financial advice. Covered calls limit upside and do not eliminate the downside risk of holding shares.

One more thing: You mentioned buying it yesterday. If you mean you bought back an earlier NFLX call, upload that transaction screenshot and I can calculate the realised profit and explain the technical reason for closing it. If you mean you bought NFLX shares, send me its daily chart so I can analyse the entry.$NFLX 20261120 90.0 CALL$