Last quarters guidance for growth was abysmal. This was BEFORE the Russian invasion of Ukraine, terminating service for 200,000 Russians. How many customers are lost in Ukraine? Before the "official" USA inflation numbers higher than expected. Before oil and gas surged squeezing the middle class in north America. These headwinds will continue to cause the consumer to begin cutting back on non-essentials. I think it's great NFLX will be cutting back on password sharing which might give them a small bump. Where will their growth come from? How can they curb inflation related expenses? The chart looks oversold but it was way oversold prior to the last ER too.
Trade closed manually
Blew right through my support. Locked in $108,000 profit on my puts. Sold 15 May 20th $337.50 puts for $96.00. I paid $19.61 for each 2 days ago. Likely will go down again tomorrow and as usual I sold too soon. I will be looking to go long possibly tomorrow, Friday or Monday after I look at the chart closer
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.