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Post Earnings Flag in NFLX

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  • April 30, 2015 at 8:36 am #2260
    Steven Place
    Keymaster

    nflx

    Looking for continuation higher after this consolidation.

    Trade setup is:

    Buy to open NFLX Jun 575/595 bull call spread @6.90 or lower

    nflx-risk

    Stop: 549.89

    Scale half at 575

    That puts initial per spread risk around 200 (that risk can increase over time due to theta).

    May 5, 2015 at 10:10 am #2262
    Steven Place
    Keymaster

    575 hit, so time to scale out half:

    Sell to close half size NFLX Jun 575/595 bull call spread @8.20 or higher

    May 15, 2015 at 8:33 am #2261
    Steven Place
    Keymaster

    NFLX is gapping up on “reported” talks that they will be entering China.

    Not confirmed.

    Going to take profits into this gap up and look for a pullback to rebuy.

    Sell to Close Rest NFLX Jun 575/595 bull call spread @13.00

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