Actionable 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...
You can see from this chart that the VIX weekly has broken out of above 9 and 21 SMA. In past occurrences this has lead to further SPY downside (blue line) in the following weeks. In this case the VIX was leading the SPY with the daily breaking out with 9 day crossing to the upside of 21 SMA even as SPY was achieving ATHs. This curious phenomenon has been...
