I am bullish on NFLX over earnings. I may have some $96 Aug calls.
I expect NFLX to gap up on earnings. Last 3 were bearish. So... should be interesting. If NFLX gaps down into the green zone between 91 and 85, I'll still be looking for longs.
If NFLX gaps down into the red zone below 82.50, I'll pretty much abandon my bullish campagin.
A gap up into the red zone around the 200sma <An open below the 105 level, I'm bearish to neutral and expect a retest of the purple trend line.
If NFLX opens above 105 (upper green zone) it's gone. Hugely. An open between $100 and $91 likely produces #yawnville and I'll just do more option selling.
I expect NFLX to gap up on earnings. Last 3 were bearish. So... should be interesting. If NFLX gaps down into the green zone between 91 and 85, I'll still be looking for longs.
If NFLX gaps down into the red zone below 82.50, I'll pretty much abandon my bullish campagin.
A gap up into the red zone around the 200sma <An open below the 105 level, I'm bearish to neutral and expect a retest of the purple trend line.
If NFLX opens above 105 (upper green zone) it's gone. Hugely. An open between $100 and $91 likely produces #yawnville and I'll just do more option selling.
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