Netflix is preparing a rebound after its 20% drop from October

2020年11月21日

Netflix is being supported by the bottom of the rectangle + the 150 day moving average, which served as major support in the March 2020 crash.

I'm also seeing a lot of buying going into Covid beneficiary stock in the last few trading sessions, Netlflix being one of them.

This is currently my largest options position in my portfolio. This year has been a game changer for me trading options on large cap stocks. I've generated higher returns trading on 5-10% moves than on 50% moves in growth stocks.

A few reasons for this:
1) I'm more comfortable holding a leveraged position in mega cap stocks than I am in other equities.
2) Options on mega caps are highly liquid for retail traders.
3) The risk/reward skew on options are incredible if timed well.

My last analysis on Netflix was in March 2020:

2020年11月23日

ノート

Stopped on my options at a 1% on capital loss. I am watching for now:

2020年12月2日

ノート

First target was reached at 505, I see continued upside here. I didn't play this one well as I got stopped the first time and and had to buy back a bit higher (493), but still a nice trade thus far. Expecting continued upside:

2020年12月8日

ノート

Healthy daily retest here:


Stops move up

2020年12月9日

トレード終了: ストップロスに到達

Trimmed 50% at 508 and stopped on the remaining at 496.84