Netflix (NFLX) Offering Possible 21.21% Return Over the Next 6 Calendar Days

Netflix's most recent trend suggests a bullish bias. One trading opportunity on Netflix is a Bull Put Spread using a strike $420.00 short put and a strike $410.00 long put offers a potential 21.21% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $420.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $8.25 would be incurred if the stock dropped below the $410.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Netflix is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Netflix is bullish.

The RSI indicator is at 44.01 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Netflix

Dow Jones Futures Rebound After Coronavirus Stock Market Rally Dives On Covid-19 Fears; Adobe, Lululemon Earnings Movers
Fri, 12 Jun 2020 09:25:34 +0000
Dow Jones futures signaled a rebound for the coronavirus stock market rally, with Boeing and Microsoft rising early. Adobe, Lululemon moved on earnings.

Exclusive: Netflix in talks to source Indian content from Reliance affiliate Viacom18 – sources
Fri, 12 Jun 2020 06:32:54 +0000
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides. Under the partnership, Network18 affiliates – which include its joint venture with ViacomCBS, Viacom18 – would create shows for Netflix to help the U.S. firm expand offerings in India, where it competes against the video streaming services of Amazon.com Inc and Walt Disney Co. A Netflix spokesman in India denied the company was in talks with Network18 or Viacom18, but did not elaborate.

IBD 50 Stocks To Watch: Netflix Buoyed By Hit Shows, Positive Usage Trends
Thu, 11 Jun 2020 21:50:09 +0000
Internet television network Netflix is showing strength even as governments begin lifting stay-at-home rules following the coronavirus pandemic. Netflix got an upbeat report from JPMorgan.

Coronavirus was the perfect storm for tech innovation, and this fund manager made out
Thu, 11 Jun 2020 21:40:00 +0000
Many of Cathie Wood’s biggest bets on technology just took a big leap forward, helped along by the coronavirus crisis. She spoke with MarketWatch about why the market chop of the spring has made her job so rewarding.

Apple could still go higher after hitting $1.5 trillion valuation: Analyst
Thu, 11 Jun 2020 20:38:01 +0000
Apple's value hit an all-time high of $1.5 trillion, but it could still go higher.

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