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$NFLX Puts After ER?
Watching $NFLX after its recent earnings report, I'm curious if anyone else is eyeing opportunities for potential put spreads. The stock bounced nicely post-ER, but seems to be running into some resistance around the 68.38 level today, especially if it can't hold the higher end of its daily range. If we see a move back below 66.69, I'd be more inclined to consider some protective plays, with invalidation if it breaks decisively above 68.38 and holds.
1 comments · 1 points
I'm seeing that resistance too, it definitely looks like it's struggling to push higher. What's your outlook on the broader market's influence on NFLX? Do you think a general market pullback could drag it down further, or is this more of an NFLX-specific exhaustion after the ER bounce?