DotcomJack

NFLX Pre-Move Analysis |

NASDAQ:NFLX   NETFLIX INC
Technical look on $NFLX NASDAQ:NFLX with potential options play

Netflix makes $100 million commitment to support Black communities in the U.S.

As we come toward the end of this massive 10 month wedge , we must be patient. Throughout Covid, Netflix has performed rather well since the first wave, achieving 20% above previous 2020 highs.

Will Netflix moon into earnings? Will earnings disappoint long investors?
Comment your thoughts below!


The Plays:
Estimated Time: 7-11 weeks

- Bullish - Breakout on the upside or other bullish activity: NFLX $540 Call expiring late september, this break will result in a massive rip in which we will aim to play the continuation. Take profits!

- Bearish - Break toward downside, lose of channel: NFLX $460 Put Expiring late September or October. Chart is giving off more bearish signals than bullish but that's not pricing in Covid.

We will cover this play when the time is right, be sure to keep your eye on it.

This is not financial advice nor am I a financial advisor
DotcomJack
Comment: The $540 Contracts expiring 9/18 closed at $988 per contract yesterday

They currently sit up 63% at the price of $1605 per contract

What a play!
Comment: This is ridiculous!

Easy Loot
Comment: $540 Call 9/18 is now at $5170 per contract

Easy 1000%

Comments

Jesus of the charts right here
+1 Reply
@kyer, Yullah
Reply
Looks like BA is coming down quicker than anticipated, either we move sideways -/+ 5% and push through the breakout or lose support along with the entire market (most likely leading the way if airlines close flights again)
Reply
DotcomJack DotcomJack
@DotcomJack, Wrong chart lol
Reply
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