Netflix reports after the bell today, and I suspect the reaction tonight and in the coming days should be telling as to the overall health of the market and its growth leaders.
Who is paying earnings? How are you positioned? Common, calls, or puts?
Check out this earnings preview here.
See you after the bell on my video market recap.
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No position but would consider a short straddle, as the options are looking for quite the reaction. If I had to lean, I’d say down.
weekly calls. strike $395. *bullish.
AH move looks promising for a short squeeze pop 2maro given we have a broad market rally on volume.
Weekly calls $400 (10) with a $350 put (1) to hedge – bullish obviously based on that weighting.
Will be curious to see if you guys get a move up to those levels and/or a positive reaction to the positions. Volatility way too high, likely due to the recent moves. Selling premium was the better option (hehe, get it?). With that said, if you get 2 days of upside, you will be well-rewarded for the risk.
Frank does not lose.
::pound pound pound::