Call Spread on NFLX on 1/31/2014

Netflix, Inc. (NFLX) provides Internet television network service that enables subscribers to stream TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally.

The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The Domestic Streaming segment offers access to content delivered over the Internet to various connected devices, such as PCs, Macs, game consoles, smart TVs, Blu-ray players, hone theatre systems, Internet video players, digital video recorders, and mobile devices.

The International Streaming segment engages in the streaming services primarily in Canada, Latin America, the United Kingdom, Ireland, Finland, Denmark, Sweden, and Norway. The Domestic DVD segment provides DVDs-by-mail subscription services.

The company also provides standard definition DVDs and Blu-ray discs to its subscribers in the United States. Shares have formed a bullish "flag" after the firm reported strong quarterly results. The firm's international subscribers has grown beyond the market's expectations. NFLX also guided higher!

52-Week Trading Range: $159.00 - $409.19

Last Trade: $406.00

Trade Buy 1 February $405.00 Call at $14.25 Sell 1 February $410.00 Call at $12.00 For a net debit of $2.25 Profit/Loss Analysis Breakeven at $407.25 Maximum profit is $275.00 at strike of $410.00 Maximum loss is ($225.00) at strike of $405.00 Closing Summary Sold 1 February $405.00 Call at $15.00 Bought 1 February $410.00 Call at $12.05

Position closed on 2/3/2014 at price of $2.95 with a 31.11% gain in 3 days.

Updates

2/3/2014 9:41:43 AM

We are taking profits on NFLX call spread.

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