NFLX
NFLX - Targets $482 (-15%) on subscriber growth missNetflix misses on Subscriber growth number. 2.20 million vs. 3.57 million expected.
If you ask me the expectation was too high and set to disappoint.
The chart is already forming a double top and creating short them resistance to the upside.
Last time when NFLX missed subscriber growth numbers and had a Quarterly decline was Q2 2019. On these results the stock traded down -15% before going higher into Q3 2019.
We will see a similar decline on this subscriber miss. I might to try to make a move up to catch the SMA with the gap down AH before it continues to trade lower by the end of the week.
RSI will curve down with 5 straight days of selling. Hoping for some buyers will show up next 2 days to build some downside resistance day after tomorrow.
Targets $482 – 15% from previous highs. could go much lower.
Already down in AH.
NASDAQ:NFLX Always trades down after ER before moving up.
Chart looks like a coloring class. Still new at this.
Do follow and comment below for your targets on NFLX for this week.
10/20 NFLX Earnings StrangleActionable strangle for NFLX earnings. A break of recent resistance or support in either direction is profitable on intrinsic value alone. Although premium is higher than ideal given upcoming earnings, there is still a good opportunity here. Will return to work and Cuties controversy lead to a substantial subscriber decrease? Or will earnings confirm the bull thesis? Additionally, will movement towards a cash flow positive business be perceived as a sustainable move, or signal the end of an era of growth and transition toward a share price more in line with a traditional business model.
Let's find out.
10/12 NFLX IdeasI post my charts so I can hear your ideas, contradictions, or support for the following graph.
NFLX making a triple top would start a downtrend. (even if you dont see a triple top, if a double top forms its the same result)
The triangle still has ways to go to determine its break so it can go either way.
With earnings this month I believe they did not acquire a significant amount of new subscribers and with COVID did not release many HIT movies.
Anyway leave the comments below thanks
THE WEEK AHEAD: AAL, TSLA, SNAP, NFLX EARNINGS; XOP, GDXJ, SLVEARNINGS:
Got a bunch of potentially worthwhile, earnings announcement volatility contraction plays on tap this coming week. Here there are, ordered by "bang for your buck":
AAL (29/99/19.7%), announcing Thursday before market open: Due to its size, I would probably go short straddle or iron fly, with the November 20th 12 short straddle paying 2.46 (19.7% as a function of stock price), and the November 20th 8/12/12/16 four-wide iron fly, paying 2.00 even.
TSLA (29/79/19.1%), announcing on Wednesday after market close. Pictured here is a 10-wide iron condor, with the short option legs set up at the 20 delta. Markets are showing wide in the after hours, but would adjust strikes as necessary to get at least one-third the width of your wings in credit (i.e., 3.33 for a 10 wide, 1.67 for a five, etc.).
SNAP (35/97/17.2%), announcing Tuesday after market close. The November 20th 19 delta 24/35 short strangle was paying 1.35 at the mid price, with the defined risk 22/25/33/36 iron condor paying 1.11.
NFLX (43/62/14.3%), announcing on Tuesday after market close. The November 20th 455/465/635/645 was paying 3.91 at the mid price as of Friday close. As with the TSLA defined risk play, look to adjust strikes as necessary to get at least one-third the width of your wings in credit.
EXCHANGE-TRADED FUNDS, RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING GREATER THAN 10%:
XOP (14/55/13.1%)
GDXJ (18/49/12.6%)
SLV (39/50/11.2%)
XLE (26/45/10.2%)
EWZ (15/42/10.0%)
BROAD MARKET:
QQQ (33/35/8.0%)
IWM (29/33/7.2%)
SPY (23/27/5.8%)
EFA (18/22/4.6%)
IRA DIVIDEND EARNERS, RANKED BY PERCENTAGE OF STOCK PRICE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING AND SCREENED FOR THOSE PAYING GREATER THAN 10%:
SLV (39/40/11.2%)*
XLE (26/45/10.2%)
KRE (24/43/10.1%)
EWZ (15/42/10.1%)
MUSINGS:
16 days left until the general election. Out of an abundance of caution, I'm not adding anything here, but may do some "window dressing" rolls of my IWM and QQQ shorts puts I have on in the November 20th expiry just to lock in realized profit, and I'll do an educational post as to what that would entail. Handsitting, thumb twiddling while the markets do their thing is the hardest part ... .
* -- Neither SLV nor GLD pay a dividend.
HTZTHE NEWS THAT CAME OUT ON FRIDAY LOOKS LIKE ITS BEEN MISINTERPRETED WHICH CAUSED AN ARTIFICAL JUMP IN THE STOCK PRICE. THERE IS STILL CHANCE HTZ CAN GET DELISTED.
TRADE IDEA: 11/13 2P BID/ASK: 0.55/0.64
NFLX - SWING ANALYSISNFLX - Good buy as per the technical chart & indicators followed by RSI & MACD, along with the trend analysis and price action.
Momentum should continue in buying side for potential upside 575-580
Currently trading around 540
Keep stop loss 521
Hit the like button and write in the comment section for more great analysis
Made +20% profit NFLX , Now it's done , wait for two weeks.20% profit in 20 days. . Sold it at $570
I posted for you guys BELOW .How much you made ? 10%/5% / zero?
Now , DON'T touch it unless you are experienced /med trader. It needs time to take it's breath .
Probably the floor is $500 but for me i'm done with , I have a lot of other great stocks patterns being formed now .why would i chase a mediocre chance, gave me +20% she did great job that girl :) .
I'm sorry i don't read comments nor reply them . No time for that .
Follow me and If you want to contact me , PM me . Use the private message you are welcomed .
Stonks only goes up :) .
#NFLX $NFLX