NFLX may move sideways and slightly higher as NFLX had a drop in subs.
It dropped $45 after earnings which shook out quite a few investors.
The damage has been done and it may linger sideways like previous historic drops. This all depends on how the SPY will move on the current earnings if earnings are rather flat this season I think this will come to pass however if it so happens that everything works out then it may destroy my spread.
Credit was 1.23 / Max loss is 3.77 EXP September 20th. Call Bear Spread. 345/350
Target profit will be $80 and max loss is $160.
It dropped $45 after earnings which shook out quite a few investors.
The damage has been done and it may linger sideways like previous historic drops. This all depends on how the SPY will move on the current earnings if earnings are rather flat this season I think this will come to pass however if it so happens that everything works out then it may destroy my spread.
Credit was 1.23 / Max loss is 3.77 EXP September 20th. Call Bear Spread. 345/350
Target profit will be $80 and max loss is $160.
Note
Closed at $57 profit
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Disclaimer
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.