Options_Trading

QQQ (and SPY) down after hours from NFLX earning, BUY

Long
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
NFLX is garbage and really never should have been in the same conversation as other big tech name, the so called FANG. To me the N was always NVDA. NFLX had it's growth period but really never should have been considered a big deal after DIS announced Disney+. Disney+ is where streaming is at currently. Another thing is the current societal environment. PEOPLE ARE TIRED OF BEING LOCKED DOWN. People have started traveling, per DAL earnings last week. DAL is seeing all time demand. So, it's not that people are cutting back expenses or anything like that; it's that people are wanting to go play.

Last thing, MSFT, AAPL, AMZN, GOOGL, NFLX, NVDA, AMD, TSLA, FB, DIS; I'd ask you which one doesn't belong... Hopefully you said NFLX, nothing about them makes them on par with the others; even close. The fact that the market after hours has responded so bearishly to a company that irrelevant is just an opportunity. I'd be surprised if we stayed down all night with futures. The real key to earnings will be tomorrow with TSLA. I'd expect them to say, they have strong demand, but the key with them will be what they say about battery supply chain. If it's not a problem, the market rips higher. Key though is TSLA demand; are people spending money.

All this to wrap up with this, buying opportunity!!!

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