NFLX Counter-Trend Option Fade or Entry Opportunity
A big reversal signal formed 3 days ago, and if you missed it, now's the time to enter in an even better discounted position. NFLX has had a huge run, and the reversal signal allowed for a well-priced, countertrend option fade strategy or for higher risk, enter into a pure directional short or put position to ride the potential beginning of a downtrend. We don't normally make predictions, but the fundamental news recently leads us to believe NFLX will begin going into a consolidation favoring a theta-heavy limited risk/limited reward spread trade
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