As explained last night, Netflix reported their latest quarterly earnings on Monday after the close and they were stellar. They added 5 million new subscribers to bring the total number of subscribers to 104 million. More than 4 million of those subscribers were from overseas markets and for the first time Netflix’s international subscriber base is larger than the domestic base in the USA.
I had setup two trades using the Trade Ahead Of Earnings Strategy. The first trade was for August 18 Expiry and the second trade was for July 28 expiry.
The second trade is now closed into the late morning.
The trade almost doubled the capital that was placed at risk in the trade. The final return was 82% after commissions and all parts of the trade were completed.
Here are the results, trade details and comments on the ending of the July 28 expiry trade which was the second trade entered.
This Netflix Stock (NFLX) trade and strategy article is for FullyInformed Members.
Second NetFlix Stock (NFLX) Trade Returned 82% – Trade Closed Jul 18 2017
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