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Call Options on NFLX on 10/4/2017

Bullish Double Bottom on NFLXNetflix, Inc. (NFLX) engages in the Internet delivery of 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.

It also provides DVDs-by-mail membership services. As of September 9, 2015, the company had approximately 65 million customers in 50 countries. 

Shares are heading higher in an upward trading channel (shown in blue). The 200-day moving average (green) has acted as a long term support for the stock.  The Internet video service debuted in 130 countries Wednesday. Now, Netflix is available in 21 different languages and streaming in just about every market that it had in its sights, with the notable exception of China, the world's most populous country. In an interview, NFLX CEO said the company will try to a partner in China while it tries to appease the country's Communist government, a process that he hopes to complete by the end of this year.

Shares have formed a bullish "double bottom."  The formation is supported by the stock's 50-day moving average, shown in brown. Higher share prices are expected for this stock.

 

We will be trading October 13th Call Options

 

52-Weeks Trading Range: $97.63 to  $191.50

Last Trade: $179.19

 

Trade

  • Buy 1 October $177.50 Call at $5.10
  • For a net debit of $5.10

Profit/Loss Analysis

  • Breakeven at $182.60
  • Maximum profit is unbounded
  • Maximum loss is ($510.00) at strike of $177.00

Closing Summary

  • Sold 1 October $177.50 Call at $13.50

Position closed on 10/5/2017 at price of $13.50 with a 164.71% gain in 1 days.

Updates

10/5/2017 10:21:39 AM

NFLX $177.5 Call options sold for $13.50

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