With Netflix being rather depressed Mr.Market may end up being quite happy if the earnings is decent.
The stock may rally and move higher and pass through the existing trend line. However with price increases on Netflix the sub count may a hit but also a slight decline is possible.
Netflix is a great service and a lot of people love it.
Cost of spread is $4.35 exp is Nov 1st
Downsides are possible tariff draw-down due to the meeting falling through which has high odds.
Max gain is $6.32 with a $200 profit.
max loss is the same if it bounces back down with poor earnings and blowing up my trade or tariff draw-down.
The stock may rally and move higher and pass through the existing trend line. However with price increases on Netflix the sub count may a hit but also a slight decline is possible.
Netflix is a great service and a lot of people love it.
Cost of spread is $4.35 exp is Nov 1st
Downsides are possible tariff draw-down due to the meeting falling through which has high odds.
Max gain is $6.32 with a $200 profit.
max loss is the same if it bounces back down with poor earnings and blowing up my trade or tariff draw-down.