25% decline in less than 2 months for NFLX is not what many people expected, but option data suggest more volatile days ahead.
Looking at the options date for the next 4 weeks, you can see 1.37 Put/Call ratio which is very high and indicate more bearish momentum! Option wall:400-580 Maxpain: 550
Be careful with the earning in the next 8 days!
The big question is if it first move toward 580 and then slips down toward 400 zone or the opposite??? Since I do not have the answer, I will stay neutral.
You can see the most important support(green line) and resistance (red line) levels.
Best, Moshkelgosha
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The company's performance in the previous two months is really terrible, the worst from techs, only quarterly results can bring hope for the situation, or this trash will go down even more. We will see.