NFLX plan - pre earnings

Netflix, Inc.NASDAQ

Description

⋅ Oct 13, 2015 9:36 PM

My plan for NFLX: IF NFLX gaps down but opens above $86, I find it buyable longer term.

If if gaps down between $108 and $92 - welcome to yawnville.
If NFLX gaps up but opens between $120 and $123, could run into $130.

If NFLX opens above $130... I'll be bullish but Ill give it some time to rest before I buy.

I have a few traders in NFLX already. No idea what will happen but we can create some plans for what MIGHT happen.

Comments

mcarithe

⋅ Oct 13, 2015 10:49 PM

Awesome plan.. brought a 120 Calendar 3 weeks ago get that IV pump.. going to sell my 120 Call tomorrow before the earnings announcement.. may use some of the profit take a small shot in the dark :)

Reallifetrading

⋅ Oct 13, 2015 11:45 PM

Alright, swell!! Let me know how it goes!

mcarithe

⋅ Oct 14, 2015 8:20 PM

Sold the 124 for over 2.00 givin me only 0.80 risk, volatility was decreasing throughout the day gave me heads up this would be a dull earnings

Reallifetrading

⋅ Oct 14, 2015 8:40 PM

Nice. Looks semi boring - you're right. Maybe a touch of bearishness tomorrow but shouldn't be too bad

mcarithe

⋅ Oct 14, 2015 8:42 PM

Yeah thnking in the near term NFLX is so goes the market so goes NFLX