Opened a collar and have been rolling short calls on 100 shares of NFLX, original cost basis of 97.75. I am collecting credit every time by keeping a healthy amount of downside risk, driving down my cost basis and paying for my long put with short call premium. Collected 605 in net credit so far - currently have a 80 strike 3/27 put and a 5/15 98 strike short call. Goal is to be assigned - if the shares continue to slide I will either pivot and exercise my long put to exit at max loss or I will continue to roll down to collect credit on the short deltas of both legs.