bertolinitrading

Cup & Handle formation similar to last quarter

NASDAQ:NFLX   Netflix, Inc.
Earnings is always a coin flip. But if there is a measured move like last quarter, price could flirt with all-time highs again. Short float right now (<10%) is NOT is large as the last two quarters when it was pushing 30%. So a move higher may not be as dramatic the next day after earnings. Expected move with earnings this week is +/-$15

Bought broken wing butterfly OCT 120/125/128 Call strikes, risking debit paid.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.