Netflix (NFLX) - Bearish Earnings Options Action Trade
Diupdate
On Friday's Options Action, the crew analyzed the performance of Netflix (NFLX) stock. NFLX has recently broken out to the upside of a 10 year ascending wedge formation, which is extremely bullish. That bullish trend has however turned parabolic, which suggests that there are greater risks to the downside and primed for a possible correction. Coupled with a double top formation and earnings this week, the stock would need a signifcant beat to continue it's bullish trend. Expecting NFLX to possibly pull back on earnings, Michael Khouw suggests buying an Aug 350/370/395 Put Butterfly for a $5.00 Debit. As of Friday's close, this spread is trading at $5.00.
We've structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience.
View this OptionsPlay on AXP - app.optionsplay.com/
Cost: $500
Max Reward: $2,000
Max Risk: $500
POP: 26.45%
B/E: $350.00, $390.00,
Days to Expiry: 33
We've structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience.
View this OptionsPlay on AXP - app.optionsplay.com/
Cost: $500
Max Reward: $2,000
Max Risk: $500
POP: 26.45%
B/E: $350.00, $390.00,
Days to Expiry: 33
Trading ditutup: target tercapai
Look to take profits on this in the morning!!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.