NFLX may have hit a good low at the 65 64 level after a 52-week low; he likes it here and sees a possible bounce to 67, 68, 69 over the next couple of days or weeks, though he is not saying the low is in today.
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Netflix earnings,
I did Netflix which everything worked great and I did um SpaceX where nothing worked. What was the expected move for Netflix?
Um the expected move in Netflix was like $6 and it moved like three. It was $6. that's 10%. That's that's a little surprising. Um I thought it would have been less. So yeah, that that's a great trade then.
Yeah, it was a big expected move. I was surprised by the expected move in there.
like I said yesterday, the Netflix earnings trade worked
Netflix isn't participating. You can't trade in earn earning stocks trade in their own world, right? Well, after earnings, they're done. I mean, it's a binary event at a binary event.
As soon as the binary event's over, everything's done. So, Netflix
binary event last night. You know, if you think about it though, this may be a nice we finally may have hit a really nice low in Netflix. I mean, I'm not saying it today, but in the next day or so, like you saw what happened in Nike, you know, got down to whatever 33, 34, and now it's back up to 37.
I could see the same thing in Netflix. this 65 64 level, you know, making a making a pretty good low this morning. Maybe the stock bounces up back up to 67, 68, 69 over the next couple of days or weeks.
Um, I I kind of like Netflix here. of course you like Netflix. It's it it hit a 52- week low today. Of course, you like it.
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