NFLX earnings - The fun begins October 14

Really week subscribers growth, but did you see what happen to WMT? It's crazy

 

I bet you get it now after those missed earnings, but you were right about one thing, the fun began today

 

down 10% after hours. 20 from a few days ago.

 

WMT Never moves 10% after a newsbit or earnings announcement -- this is a unique day in history indeed.
somebody must have made bank in the options.

 

the only way to make money in options here was with a strangle, calls and puts got killed

 

As of now that is correct, NFLX down -2.73%. Small move for a high-flying tech stock during earnings.

Let's see what tomorrow brings

 

Selling straddles on NFLX probably would have came out ahead - even without that retrace.

 

if you didn't get stopped out when the stock hit 95 and now you would be sweating a rally through 110.

 

Here is the credit for a short October 16 NFLX 111/110 strangle if it was opened at market close today.

• NFLX at $110.23
  
• Sell 111.00 call at $6.55
• Sell 110.00 put at $6.55
• Total credit $13.10

 

Wakey Wakey


Time to wake this thread up and get the ball rolling. This Thursday you have GOOGL, AMZN and MSFT all very close to their all time-highs. Will earnings propel them further?

IMO ........ YES

1 or 2 strike OTM QQQ weekly options would be a good choice.