NFLX RSI divergence on monthly, weekly, daily even in hourly time frame. Secondly Daily time frame Double top plus Rsi bearish divergence. So bears my advice is to be patience with your put it will definitely comes to 900. In upcoming days.
NFLX It’s not going anywhere this week. I will hold some of my puts till end of May. Here’s the 1Y return of Mag7 and Netflix.
Apple - 9% Amazon - 0.30% Alphabet -(2.3)% Meta - 30% Microsoft - 6.3% NVDIA - 26% Tesla - 50% NETFLIX - 97%
Too much risk into calls. I would rather bet on Alphabet and amazon. Not adding additional entries into this stock. Institutions are holding strongly onto it.
NFLX I would be cautious here with the pump. 1. This “tariff-proof” stock is no longer tariff-proof. 2. News came out yesterday, will hear more about it when President Trump or representatives speak about it which will induce more volatility. 3. Very unlikely to break ATH unless some reputable analyst confirms it will not affect Netflix. Closed most of my put spreads this morning and closed one leg for remaining ones to see where it goes.