The collapse or plunge of Netflix stock this morning following what many analysts are calling a “very disappointing” or a “concerning” earnings report yesterday is way overdone in my opinion. Here is what I was busy doing this morning.
My Trade Ahead Of Earnings Strategy is closed on the put side, obviously, as the stock moved well below my debit put spread. I am still holding the call side although I doubt there will be any value left in it by Aug 17. However I think the drop this morning is too steep and instead is an opportunity.
The rest of this trade alert and ideas article is for FullyInformed Members.
Netflix Stock (NFLX) Plunge Is Overdone – Trade Alerts for Jul 17 2018
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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.
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