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$NFLX - Weekly Breakout

Long
NASDAQ:NFLX   Netflix, Inc
NFLX , similarly to AMZN , likes to consolidate for long periods of time prior to large explosive moves.

If you're still risk on, keep Netflix on your radar. It's nearing a breakout on the weekly timeframe from a consolidation period just over a year in duration. Similar weekly breakouts of clean patterns would be ADBE and HD with their 1W Bull Flags leading to 33% and 21% gains on equity within the following 2 months AFTER breaking out.

As of right now there's UOA on $570 and $575 calls expiring next week.

This one is on high watch for me going into next week.

Warwick Gorman
OptionsSwing Analyst

Education first, profits second.