NFLX will continue to rise till earnings.
I think NFLX is going to keep heading up till earnings.
It has a pretty interesting pattern of doing so.
It's above it's 200, it's 50dma recently crossed upwards.
So it seems like a good candidate for a neutral to bullish strategy. I'm thinking Short Put Vertical. (which would as far as I can tell mean that as long as the stock stays above the midpoint of my strikes, I can win max profit.)
My ThinkOrSwim says the Volatility Index for this mofo is almost 50%.
Because of the high volatility, even ITM spreads are worth some money. With todays 377ish close, the 355/60 spread can be sold for 165. That's not bad.
It has a pretty interesting pattern of doing so.
It's above it's 200, it's 50dma recently crossed upwards.
So it seems like a good candidate for a neutral to bullish strategy. I'm thinking Short Put Vertical. (which would as far as I can tell mean that as long as the stock stays above the midpoint of my strikes, I can win max profit.)
My ThinkOrSwim says the Volatility Index for this mofo is almost 50%.
Because of the high volatility, even ITM spreads are worth some money. With todays 377ish close, the 355/60 spread can be sold for 165. That's not bad.
Earnings is on apr 16... Apr options expire on the 18th. This might be a good time to buy the spread if you think there will be positive earnings action....