Newsome is calling this low a "relative low" in which NFLX will bounce a tad or at least stay slightly sideways. IF NFLX gaps up tomorrow, look to buy the bounce/pull back.
Your profit on this trade should be at least a "net" of .50 cents. Spread is below the 200 SMA. How would you rate this trade 1-5 stars?
This chart on NFLX earnings on the 21st of OCT. According to earningswhisper.com it's now 10/14 which means our spread is over earnings. Therefore, I'll look to do a limit buy of .40 (to make .10) on the spread. Otherwise, I'll / we could look to close before earnings <if you want> Probably prudent since NFLX gaps A LOT.