Lanmar

Netflix is preparing a rebound after its 20% drop from October

Long
NASDAQ:NFLX   NETFLIX INC
383 views
17
Netflix is being supported by the bottom of the rectangle + the 150 day moving average, which served as major support in the March 2020 crash.

I'm also seeing a lot of buying going into Covid beneficiary stock in the last few trading sessions, Netlflix being one of them.

This is currently my largest options position in my portfolio. This year has been a game changer for me trading options on large cap stocks. I've generated higher returns trading on 5-10% moves than on 50% moves in growth stocks.

A few reasons for this:
1) I'm more comfortable holding a leveraged position in mega cap stocks than I am in other equities.
2) Options on mega caps are highly liquid for retail traders.
3) The risk/reward skew on options are incredible if timed well.

My last analysis on Netflix was in March 2020:
Comment: Stopped on my options at a 1% on capital loss. I am watching for now:

Comments

if it breaks support how low do you think it could go.
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Does the vaccine news affect this analyses? They are reporting that vaccine will be released as early as December 12th
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Lanmar princesstrading
@princesstrading, That's definitely a risk. But I am holding December 4th expiration calls so I'm looking at a 1 week hold, max two. I'm also of the opinion that the best vaccine news may be behind us for some time. We've had two weeks of positive vaccine news so it might be priced in for now. As for breaking support... I don't see it breaking under 460
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But the 200ema is downward though
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Lanmar iuhis12
@iuhis12, nope
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@Lanmar Is There A Triple Top Pattern On Weekly Chart??
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Lanmar mohamadraffiwahab
@mohamadraffiwahab, you'd need a close below 450 for that to be a topping pattern. Otherwise it's just in consolidation between 460 - 560
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