FREE #OPTIONS Ideas
Scale out when above 25% Profit
NASDAQ:MRNA 91C>90.50 | 87P<87.72
NYSE:DIS 113C>112.42 | 111P<111.30
NASDAQ:NFLX 600C>595.05 | 575P<579.41
NASDAQ:DKNG 46C>45.22 | 41P<41.98
Let me know if you like these setups and I will post more - drop a like!
Going over NFLX price action last few weeks. what our plan is what we see the market is telling us. we're positioning for what the market does vs what we think will happen. we have a dynamic plan and thats the way we're going to trade NFLX next week.
i dont know wut thu catalyst will b but wokeflix iz gunna implode soon. we warned of thu bottom at 167 when thu crooks at goldman wur downgrading it, now we're callin uh top. watch thu outflowz. accumulation reemainz around $400 still, our indicatorz dont lie, its just uh matter of when not IF. rolled in 600 PUTS here
Expecting a gap to 504-510 following the report today, then continuation to 520 by 1/31/2024.
- After it hits 520 it will pullback to test 504-510 for support
- Then continue to 556 by mid-late Feb. 2024
~Stop loss 464
This idea is an update to my original idea "Earnings Pop to 520" (see link).
NFLX needs to make a sustained break above 569 to initiate the next move higher to 585 (minimum target).
Once we get this break it will take the following path - expected path is the black arrow:
- Run to 585 (by 2/2/2024 earliest, 2/9/2024 latest)
- Pullback to test 577 for...
Netflix (NFLX) has gone a long way since our November 28 2023 buy signal (see chart below) that reached our $580 Target, giving more than +20% return:
As the price has been consolidating for practically 2 weeks, it is time to update our outlook for medium as well as long-term investors. The long-term Bullish Megaphone pattern that started on the July 13 2022...
The results were outstanding, the earnings, one of the best, the content gets better, the password debacle, forgotten. Netflix is going back to where it was before the slide. The analysts seem to think even higher, the current place of determined bulls is to send the next wave into reach the next milestone in its journey to the top, and the 600 place.
Netflix here looking for a possible rebound in the upside after reporting strong earnings followed by a small consolidation. The previous power earnings gap resulted in huge positive gains, and now history shall repeat. My target range for the next few weeks is 600-620, and I wish you all the best.
In its past NFLX got through the Covid downturn with only a 10% correction, then went through
a rise into a year of consolidation and finally another big trend up which reversed badly in
Winter 2021. After a business model adaption and modification of subscriptions and
password/account sharing protections, price has made great gains. On the weekly...
Back in July 2023 NASDAQ:NFLX on earnings did a weekly price Spike across a major 50% Retracement level. I entered into a short trade on the stock which worked well for a few months until the market turned decidedly bullish in October and then the trade stopped out. The recent earnings pushed the stock price higher as Netflix net income is dramatically higher...
The stochastic now is negative and we should test of $ 520 area coming sessions, is my personal view.
The pair requires correcting, and GANN support needs to break for further move lower.
Strategy SELL @ $ 560-580 area and place profit order @ $ 521. for now. SL above $ 595
Bears regaining some power. Gap can be closed.
After the gap up, bulls continued to push, but looks like bullish confidence has reduced and momentum might die out.
Closely follow the trade, this is against the trend.
Key Takeaways:
+Since ER gap up we had a continued uptrend leading into this tight $15 descending channel which I am approaching with a slightly bullish breakout bias provided we hold the key demand box
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA meaning we are in a healthy uptrend
+I would expect ~$15 move topside after breaking the TL resistance...
NFLX
we are in a tight range right now,
till we keep 560 possible to go upside
580 - next level, where I will close 75% of my position
one time we broke 580 we are very bullish
Cautious: the personality on NFLX is very hard,
often we break the level and we start to sell-off
observe price action here
Now its worse than market
SO possible upside game
Good...
No change in view. In fact, the stochastic is turning negative and this provides more comfort to the SELL idea.
Strategy SELL @ $ 560-580 and take profit @ $ 515 for now. SL best above $ 605 for now.
Netflix is also near previous high still valid to enter, note that I am a longer term trader n investor soo I don't count small moves at all, in my top 10 only tesla is the one floating and am investing more money in it
