NFLX was a big mover after announcing last quarter. Will it be two quarters in a row with a big move? I'm on the 'no' side and sold the January 130 straddle for $12.40. Last week, I also legged into a long Jan 27/20 130 put calendar for a cost of $0.35. Only 10 contracts so don't care too much about it, but could be a nice icing on the cake if the move is <$5.
My expectations for solid earnings turned out to be a reality. Well done, NFLX, new highs are coming.
I held through swings since the last split. Global expansion/content strategy was always sound it just needed time to come to fruition.
NFLX certainly moved, but I was able to buy back the straddle for $9.50. Much better than how it was looking for me yesterday evening.
Buy the 135 weekly puts for .10. These could be monsters. Market setting up for a crash. Something is off. Leap expiration week
$140 is more of a fighting zone but the bulls' enthusiasm is fading and bears are not attacking but they smell some blood here.
The bullish gap up in the morning was entrapment n $140 so far remains a fighting zone. Most likely the price topped wants to pulback.