from 579, it has come down to ~~~ 557; it points to a closing of the 500-540 gap decided to tripled down to open options contracts to short NFLX, via march expiration. sold the 545/570 CALL spread; the other side was willing to pay me a premium of $13.05 for me to assume a max risk of $11.95 to win $13.05
Whales with a lot of money to spend have taken a noticeably bearish stance on Netflix. Looking at options history for Netflix (NASDAQ:NFLX) we detected 27 trades. If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 70% with bearish. From the overall spotted trades, 6 are puts, for a total amount of $224,413 and 21, calls, for a total amount of $1,159,175. no link; source TDA alerts.
these whales spend lot of $ up front buying PUTs to short NFLX far from being a whale, i sold bearish CALL spreads, collecting a premium in advance.; i m banking on that
goin out on the limp to say that, by Fri closing, NFLX will break below 540, the upper level of the gap, which also serves as the imaginary / visual support level
in early trading this AM, NFLX is up ~~7.5 to 563, on very low volume. decided to quadruple my bet on NFLX using Mar expiration sold another bearish CALL spread, 545/570. the other side was willing to pay me a premium of $14.3 in advance, for me to assume a max risk of $10.7
currently, have 4 bearish CALL spreads open, with mar 15 expiration, on NFLX in total, collected premiums of $55.50 in advance, to assume a max risk of $44.50 by Mar expiration; 27 tradings days away, in ~`5 weeks, should NFLX close below $545, i get to keep all the premium collected lose above $575, i have to pay the other side $100 ($55.5 + $44.5) today, NFLX closed at $559.3 ~2 weeks ago, after an impressive earnings report, NFLX immediately gap up from ~ $485 to ~ $540 since then, has been consolidating / hovering around the $560 - $570 range, on declining volume, w lower highs my best estimate is that, by mar expiration, NFLX will be trading in the $508 - $520 range.
made 2 trades; one on the thinly-traded DPZ, the other on heavily-traded AAPL both will release their next quarterly earnings report in late July DPZ, trading ~~ 522 using Sep 2024 expiration buy the bullish 530 / 560 CALL spread, net cost of $11.60 buy to open the 530 strike CALL sell to open the 560 strike CALL will probably exit just before next Earning on 7-25-24, w a target of 565 AAPL, trading ~~ 192 using Oct 2024 expiration buy the bullish 190 / 215 CALL spread. net cost of $12.3 buy to open 190 strike cALL sell to open 215 strike CALL will probabley exit just before next Earnings on 1 Aug 2024, with a target of 220 Apple's WorldWide Deevelopers Conference starts on 10 Jun most probably, more of AAPL's AI strategy will be disclosed
an effective / more affordable way of participating in the anticipated price appreciation on expensive stocks risking $11.60 for a max payout of $30, size of the bullish CALL spread (difference between the two strike prices), assuming no residual time value on the options contracts risking $12.3 for a max payout of $25, which is the size of the bullish CALL spread, assuming no residual time value on the options contracts
AAPL revealed that it'll partner with Open AI to integrate Apple Intelligence into the new iPhone models, assuming that only 10% of the current 1.334 billion active iPhone users worldwide upgrade to the new models; that's 133.4 million new iPhone. for those that will not upgrade, they can pay a subcription fee to get the AI features on their older models, if applicable. to say that AI will bring huge additional revenue stream would be an understatement AAPL popped 14 points today, to 207; with this pop, AAPL's market cap is ~~ $3.18 trillion, just behind MSFT's ~$3.3 trillion. today, it closed ~~524
AAPL: just hit 215.99. my order to close the 190/215 CALL spread on AAPL for $19.50, just got executed. on 5 Jun, when APPL was ~~192, i had paid $12.3 for the bullish CALL spread
NFLX, closed at 669; my target price is 720 going into the July earnings report constructed a bullish 30-point CALL spread, to participate in the price appreciation going into earnings, using option contracts that will expire on Sept buy to open 680 strike CALL options contract sell to open 710 strike CALL options contract, for a net cost of $13 willing to risk $13 for a potential maximum payoff of $30;
