Wednesday, April 4, 2012

$NFLX setup and chart 4/4/2012

been on the sidelines on this one for a while. that huge gap from last earnings is just looking at me. both the bull and bear cases are compelling when heard on fastmoney. likely only get interested again after this gap fills down to near 98 first.. last time i checked earnings where right after apr opex so probably no credit put spreads until after that. ive listened to their conference calls before at and come away feeling weird since they didnt take live calls. will watch how it reacts to earnings..might have a trade after that.