A followup to my currently still working opinion on NFLX (go back and check it out)
Not much to say. Fill the gap, short the lack of innovation + bugs that allow people to force each other to pick up their calls.
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Quick followup before earnings are announced on whats up.
I havent entered a position yet, I do believe apple and the market is bearish for the time being. However we could have another small tech rally. If apple surprises in earnings im watching to go up to the gap at around $169 and I have a small hedge call position to reflect that expiring soon. Id then close those and start to look for my short entry.
Otherwise if my hedge fails I will look for a rally to short and short to the levels seen there, probably some time middle of the year.