Wednesday, March 7, 2012

$NFLX setup 7mar

as i posted a last week..losing the low after earnings gets the Netflix to test the 50day / gap fill... hitting the 50day today. i will not get interested in this name again until it fills the gap from earnings near 96.. if that hits then will price out some spreads. am not optimistic about getting an entry on this with credit put spreads since the level to shoot against is in the mid 60's.. that will likely be too far away to get decent premium. setting alert, cross that bridge if it hits.