If you haven`t sold NFLX here: or reentered here: Then analyzing the options chain of NFLX Netflix prior to the earnings report this week, I would consider purchasing the 450usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $16.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
NFLX was trading at $485 (52 week high) one day prior to the earnings. Calls were trading at $45 intraday and $37 at close, up from $16.25 when I posted the article. That was roughly a 2.5X gain if you exited close to the intraday high.
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