Boom, another one to the moon! Most all my shares were sold pre-market, just a few went after close. ? is will it break 400 post-market or some time tomorrow?
After hours today Oct. 21, NFLX share price is 391.30 which is under the 355 today close Oct. 25 straddle price MOC market expected movement of 45.16. So far except for the GOOG huge blow out, straddle spread price going into earnings have over estimated actual share price movement. I think this is the normal pattern. Maybe the GOOG blow out is the exception that makes the rule. Also, the GOOG straddle was historically very low compared to normal into earnings price so maybe someone knew something.
It's at 394.40 after hours as I type and should close just under 396. The MM I saw today before close was +/- 40.348 so it's right on the $$ thus far. I'm holding 100 share overnight and will determine when they go tomorrow morning, premarket.
Every 5 years or so long term investors get humbled. That time is coming. This time will be even uglier given feds out of bullets. Nobody wants to hear or believe it.
I hear a lot of people talking about the similarities between the NQ right now and the 1999-2000 .com bubble and subsequent market that played out after the burst. I think there are some fundamental differences with the tech companies compared to back then, but I to agree that we've run up so high that after all the "good" earnings there's really one way direction for the market to go.
Im starting to think, after watching ancient aliens on the history channel, that anyone long nflx before earnings was probably visited by an alien? What do you guys think?