Sunday, January 25, 2015

NFLX Filled 1/21/15



NFLX reported earnings on 1/20/15 after hours.  It gapped up over the inverted head and shoulders target price, and was up over 15% the following day.  An option order for Jun 15 185 Puts was triggered.  They were purchased the following day at the open for $0.96, and are currently in the red. Bearish patterns remain intact, and now has a gap to fill.

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Original Post: NFLX Short 12/19/15
NFLX has a head and shoulders to 161.58, which is right at the High Value Area.
Small inverted head and shoulders to 371.54 has formed(<315.54 nulls) which will be used as an entry price for put options.

If price hits 371.53, buy Jun 15 185 Puts.  If price falls below 315.53 before hitting 371.54, this trade will be cancelled.

Trailstop and/or or set triggers to sell when price hits 165.25, which is just above the HVA  area.
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As of 12/31/14  Bid:0.04 / Ask:0.47 / Last:0.48
As of 12/31/14  Bid:1.34 / Ask:1.64 / Last:2.71
As of 12/19/14  Bid:1.88 / Ask:2.25 / Last:2.71


Updated 1/23/15

Updated Constantly

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