Netflix, Inc.
Short
Updated

NFLX & chilling w/ puts

204
Update to my chilling status on NFLX. 4/7/25 gap down, retest of a critical breakdown point for me 910.

Target 825-775 (this week or next week).
Overall mkt bearish due to Tariffs.
ContraryTrader even left us a clue in my previous update (May/June).Thank you!

*The magic wand feature seems to be extra... & I love that. I'll get a handle on it. Until next time, shorting pops through earnings.
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Trump gave a deadline to respond to his Tantrum Tariffs by 4/8. Another pop or sideways action will be great entries imo. Will see where we are Wed 4/9.
Trade closed: stop reached
holding so idea cancelled for now.
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popped higher than i expected. hit wrong button. i entered 1 contract so far. current 1hr chart. can wait to get back below 865-860 (under 21 ema) for more confirmation.

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great close for this trade. noticed that it close at .5 fib from Mon/Tues rally.
"Wall Street banks are increasing their odds of a recession emerging this year... the bottom could be much lower."

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4/11 runners are down. at critical level of resistance after pause on tariffs news. market rallied in unison fast. let's see if 915 is new support or breaks down.

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4/9/25 overnight dip below .618 and regain of . fib. held all morning. 1p news reaction.
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4/9 ran up into resistance. a bit of a sell off for 4/10. think we need to see how the week ends. consider profits and returning to chilling until earnings.
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Week candle 4/7-4/11 was pretty strong (bullish engulfing); held 805 on last weekends drop. Gapping up 4/14. Over 910. Earnings this week (4/17/2025). Maybe we do see slight new hi.

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NFLX crept up and is now holding 950. nice. earnings tomorrow. will be tuned in. looking fwd to it.

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