Short $NFLX here

13 de nov. de 2023

NFLX looks like a great short here. Took some puts Nov 24 $437.5 and $435.

I'm expecting a retracement down to at least $413 or $396, however lower targets also possible (hence why I added the to the chart).

14 de nov. de 2023

Comentário

Went up through resistance, will add more puts if we hit the upper resistance tomorrow.

15 de nov. de 2023

Comentário

Waiting for $465, think that's a good level to add more.

16 de nov. de 2023

Comentário

Starting adding here at $465 - think we get a pop to $469 between today and tomorrow and that's the top.

16 de nov. de 2023

Comentário

April 2024 puts is what I'm taking and close to in the money

21 de nov. de 2023

Comentário

Clearly got the timing of this one wrong. Next key levels are $481 and $496. Still think we should top out somewhere soon.

My puts that expired this week I rolled until next week. I own $440 and $435 Dec 1 puts. Those are risky though. Really the play I'm looking for is to buy puts up in this range for April 2024 and hold for the next 5 months.

Think netflix will end up a lot lower over the course of the next 6 months.

22 de nov. de 2023

Comentário

Bought NFLX 03/15/2024 430.00 when price was at $481