NFLX
NFLX 500: Earnings Play 550/500/450 Butterfly?NFLX is so old that it trades like FB chop and chop. Its offering is less attractive now given all the options out there. It is no longer a monopoly.
Not seeing a huge move in cards based on fundamental and technical.
Stock mainly in distribution. Premium sellers likely win. To hedge, will do a Put Butterfly 50 wide, centered around 500.
If the premium rich enough would also consider selling 500 Iron condor, 50 wide.
THE WEEK AHEAD: HAL, NFLX, AA, UAL EARNINGS; EWZ, XLE, SLV, IWMHIGHLY LIQUID OPTIONS SINGLE NAME EARNINGS (LISTED CHRONOLOGICALLY IN ORDER OF ANNOUNCEMENT AND SCREENED FOR >50% 30-DAY IMPLIED):
HAL (13/61/13.9%),* Tuesday, before market open
NFLX (25/50/11.3%), Tuesday, after market close
AA (18/69/15.9%), Wednesday, after market close
UAL (13/64/14.8%), Wednesday, after market close
From a bang for your buck perspective: AA ranks first, UAL, second, followed by NFLX, and HAL.
I already have a covered strangle on in UAL and don't anticipate putting on more single name risk in the IRA (which is my primary focus running into retirement), but will naturally post a play should I get into one.
EXCHANGE-TRADED FUNDS WITH >35% 30-DAY AND RANKED BY THE PERCENTAGE THE FEBRUARY AT-THE-MONEY SHORT STRADDLE IS PAYING AS A FUNCTION OF STOCK PRICE:
EWZ (18/45/10.3%)
XLE (23/42/9.7%)
SLV (25/42/9.4%)
GDX (12/38/9.2%)
XBI (18/37/8.7%)
KRE (16/36/8.7%)
EWW (15/36/7.5%)
I'm already in everything here but for KRE and EWW (the lowest bangs for your buck on the list) and the February monthly is a bit short in duration here for me (34 days) and March a tad long (62 days), so I may not do much this week in these, although going out to March with another rung in my GDX, SLV, and XBI positions isn't out of the question.
BROAD MARKET RANKED BY 30-DAY IMPLIED:
IWM (24/32/6.8%)
QQQ (22/30/6.4%)
SPY (16/24/4.8%)
DIA (13/23/4.6%)
EFA (14/20/3.8%)
In spite of the fact that IWM and/or RUT have the higher 30-day, I may look at adding a July (181 days) rung to the SPY short put ladder I have on in the IRA, targeting the strike paying at least 1% of the strike price in credit (which would currently be something like the 240), and do the kind of "opportunistic rolling" I've been doing with shorter duration rungs. (See Post Below). Although most frown upon going out this far in time, it's a way to deploy otherwise underutilized buying power that will earn something >0% while I work shorter duration setups or wait for a higher implied volatility environment and/or greater weakness. Additionally, my goals for the IRA are somewhat modest from a return on capital standpoint: I'm not looking to hit homers or be an incredibly attentive investor, opting for a once a week or even a once a month schedule of looking at things, making adjustments as appropriate, and/or taking off stuff approaching worthless that doesn't merit hanging onto due to the amount of time left in the contract.
* -- The first metric is the implied volatility rank or percentile (i.e., where the 30-day is relative to where it's been over the last 52 weeks); the second, thirty day implied; and the third, the percentage the at-the-money short straddle in the February monthly is paying as a function of stock price.
How much punishment (esp. >Dec29) cn Big Tech Robinhooders take?Painful underperformance (especially since three days before the new year from Dec 29) vs. the Nasdaq IXIC and the Dow DJI for those previously enamored with the Big Tech counters such as Amazon AMZN, Microsoft MSFT, Facebook FB, Netflix NFLX, and even Apple AAPL; with the possible exception of Alphabet Inc GOOG.
Trimming NFLX here #stocksAlong with others in big tech like amzn, adbe, msft, and facebook, netflix has lagged the sp500 since May. The divergence has widened in the recent weeks enough to make me cut my position in half. We are still above the yearly moving average and above the range (rectangle) lows but most of the gains from the position put on in late November have evaporated and I don't want to see this position turn into a loser. Not sure what the reason for the divergence from the overall market is (maybe its yields- higher rates could lead to lower p/e ratios, maybe its competition) but price is telling me the only story that matters.
NFLX price would rise again!Hi every one
NETFLIX INC
because of the pandemic Netflix stocks has increase greatly and it seems that this trend would still continue!
so you can see a symmetrical triangle which means (AB=BC) and the trend is upwards so the price will increase accordingly!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
NETFLIX ASCENDING CHANNEL BREAKOUTNetflix losing strength as we can see from this ascending channel breakout and struggling to reach a new all time high.
Levels to watch after the breakout of the channel, if the stock can trade above its 21 days MA average it'll have to penetrate the ascending channel and will probably trend higher and higher. If it doesn't and breaks below the 50 or 100 days SMAs then the next levels to watch are 475.72 (200SMA) and 463.31(the lowest level of the ascending channel).
NFLX Cup and HandleNFLX has been in a range for some time, but a very clear C&H is developing. Today's candle with a long lower shadow and support at the 21 EMA. Confirmation for me is a break of the handle with a significant amount of volume (at least 1x Relative Volume). Measurements on the chart for the move. Let me know your thoughts!!!