Notice how well the two stock move together. Netflix is up 16% today (406.12 +57.32 last) on earnings.
Netflix reported earlier than Pandora and gives us a heads up look into what we might see from Pandora when they report. Note the tight long term correlation between these two securities.
Use options to manage risk if you are fearful of taking an outright position long in Pandora (P, 15.92 last).
Risk 3 times the 11-day Average True Range in Pandora. Upside to 20-25 in 1-3 months, 15.92 last.
Tim 10:03AM January 21, 2015
Netflix reported earlier than Pandora and gives us a heads up look into what we might see from Pandora when they report. Note the tight long term correlation between these two securities.
Use options to manage risk if you are fearful of taking an outright position long in Pandora (P, 15.92 last).
Risk 3 times the 11-day Average True Range in Pandora. Upside to 20-25 in 1-3 months, 15.92 last.
Tim 10:03AM January 21, 2015
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