NFLX - Short Term Bullish - Options Entry Updates

Dec 23, 2019

NFLX just had a bullish EMA cross and price cross above 10WeekMA.
There is a decent gap to fill from $340-360.
Last week - 2 separate analyst upgrades with $400+ target. marketbeat.com/stocks/NASDAQ...

I have been using vertical put credit spreads last three days successfully for $80-$100+ each time on single put spread.

For those following along:

Today/Tomorrow EXITS
NFLX exit - 332.5/327.5 Put Spread. Sell to Close 327.5. Buy to close 332.5. Net Debit. Trying to fill at $1.36 or less. My first attempt to fill is .85 cents. We want to pay least as possible to buy back.
Other NFLX exit – 330/335 Put Spread. Sell to Close 330. Buy to Close 335. Net Debit. Trying to fill at $1.32 or less (47% profit). Again, buy back least as possible. May need to wait another day.

Today/Tomorrow ENTRY
NFLX 330/335 Put Spread. Jan 17 expiry. Sell to open 335. Buy to open 330. Net Credit. Trying for $2.90 or more. I would not enter below $2.50 credit. This order is meant to take advantage of a dip, if it happens. We have sell order if it goes up, and buy order if it goes down. Gap to fill above up to $360. January effect should bring this up after the first, when companies make 401K contributions for FY2019.

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC. Short-term NFLX

Dec 23, 2019

Note

NFLX is retesting the 21WeekEMA on the 30Min view.
Went down, stopped on EMA ribbon, and just chilling out.
Possible shake out before going higher.
Below $330 and I am cancelling the entry order for today.
Exit orders will hold unless we break $330. We will collect theta tomorrow for holding today. Stay strong.

Dec 24, 2019

Note

12/27 order is still profitable and will be closed today.
1/3 order still has a small loss (looks to be $15 of $220 credit premarket).
If we do not close 1HR candle below $331.08 EMA bullish cross is INTACT.
If EMA bullish cross on 1HR is intact, I will hold 1/3 expiry.
Please do your own due diligence and be responsible for your own decisions.

Dec 24, 2019

Note

12/27 order was closed with $49 profit on $220 credit or 22.2% for holding over the weekend (4 days).
1/3 order still in play, slightly profitable, but will likely exit at breakeven. NFLX is stalling at the gap fill. Waiting for consolidation to take direction before further entry here.

Dec 26, 2019

Trade closed manually

NFLX Jan 03 330/335 Put Credit Spread will be closed today.
NFLX is stalling. Not the best idea to hold over the Jan.1 deadline or past expiration.
The 330/335 put credit spread took in $2.54 up front.
Goal to exit with current price is $2.25 or less.
Approx. 11% profit for 6 days total (3 trading days) Weekend and Xmas hold.