I discussed Netflix Stock (NFLX) in the morning Investing Strategy Notes for this morning.
Netflix (NFLX) reported earnings of $2.88 per share on revenue of $8.2 billion yesterday after the close. Estimates were for earnings of $2.83 per share on revenue of $8.2 billion but what concerned investors aside from subscriber numbers was that revenue grew just 3.7% on a year-over-year basis. That has the stock under selling pressure this morning.
I entered two trades today. Both trades have good levels of protection.
The Trade Alert covers the positions taken.
The rest of this trade alert and ideas article is for FullyInformed Members.
Netflix Stock (NFLX) – 1st Trade Alert and Idea for Wed Apr 19 2023
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
