NFLX is strong and looks good; current preferred trade is selling puts at 70 rather than buying calls after the rally to 7140.
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Like before that, we focused on um on Netflix as an individual trade, just identifying stocks that are standing out every day. So the strategy we've been using to get in a good rhythm is taking our watch list and saying what and saying what's different than the rest of the market that we could take advantage of.
So the Netflix trade we sold on the call yesterday. We moved on from that one.
So like, you know, you could look at Netflix and Uber and say, "Oh, they're not moving with the market, maybe then start to say they're undervalued." But it's not really about where they are.
It's always about where they're going. The market's always future-looking. It's never based on current value.
Yeah, I mean, I'll say the strongest stock we identified this week, this the stock that's been the easiest to get in and stay in has been Netflix. Um, I I I'm actually out of it now.
I'm wishing maybe I should be selling puts in it because it came from below 70. I never really got clear what the news was. Someone was saying something related to Paramont or something.
I don't know. But um yeah, it just looked it started to look good below 70. Gave us a really nice follow-through. Now it's trading at 7140 and selling puts at the 70 level is probably a really good idea um over the next couple weeks.
So I like the Netflix, but that's how I trade. You know, the first thing I time I traded it was calls because it was starting to move up and there was upside. And then now it's that it's come up a couple points.
It still looks good, but I don't want to keep buying it after that move. I'd rather sell the puts below it back at the level where this move started. So, if it wants to go back and retest it. Um, so the Netflix looks good.
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