Netflix (NFLX) Offering Possible 49.25% Return Over the Next 9 Calendar Days

Netflix's most recent trend suggests a bullish bias. One trading opportunity on Netflix is a Bull Put Spread using a strike $372.50 short put and a strike $367.50 long put offers a potential 49.25% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $372.50 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $367.50 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 70.1 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

Spotify Unveils `Lite' App for Slower Phones in Emerging Markets
Tue, 09 Jul 2019 08:10:12 +0000
(Bloomberg) — Spotify Technology SA released a new version of its music streaming app for customers in emerging markets, an effort to grow outside of its strongholds in the U.S. and Europe.The Spotify Lite app, which runs on Android phones, will appeal to users who are limited by data plans and slower networks, especially in regions like Asia, the Middle East, Africa and Latin America, the company said in a statement. The app was released in 36 markets and an ad-supported service will be available for free while a premium version will cost the same as on its regular music-streaming platform.The company is counting on Spotify Lite for a much-needed boost in markets with lots of potential. The streaming service also needs to reassure investors about its growth prospects while it continues to lose money. The shares are down 26% from their high a year ago.“There’s much, much room for us to grow, both geographically and also product-wise,” Cecilia Qvist, Spotify’s global head of markets, told the RISE tech conference in Hong Kong. “Hopefully when we thrive, the ecosystem thrives.”Spotify’s biggest challenge remains the royalties it pays for music rights, which eat up more than 60% of revenue and are a major source of its losses. The company has agreed not to push for another cut in fees in its current of negotiations with the music industry.That’s prompted Spotify to seek other avenues for growth, such as podcasting. But podcasting is still a nascent business, with $479.1 million in U.S. revenue in 2018, according to the Interactive Advertising Bureau. An estimated 62 million people in the U.S. over the age of 12 listen to a podcast every week, according to a 2019 report by Edison Research and Triton Digital.Spotify has asked investors to trust that the market for audio streaming is still in its early stages. The company counts on North America and Europe for 65% of its users. Africa, Asia, and the Middle East make up just 13%.YouTube LightRival YouTube has already introduced a light version of its app for emerging markets, and has added millions of users across Southeast Asia. Netflix Inc., meanwhile, made it possible for users to download full movies and TV shows to watch offline for the same reason.Spotify isn’t in as many countries as either of those services, but has been expanding across Asia, the Middle East and North Africa.Spotify Lite will use of 10 megabytes of storage, compared with about 100 megabytes for the main app. It offers the same look and feel as the normal Spotify app, but with limitations to preserve data consumption. Users can also set a data limit within the app to ensure they never exceed it.“‘Lite’ is a small, fast and simplified version of our unparalleled music experience that works much like the main Spotify app,” the company said in a blog post.(Updates with executive’s comment from the fourth paragraph.)To contact the reporters on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.net;Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Rob Golum, Nick TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

'The Netflix of Podcasts' Sees Positive Cash Flow by Year End
Tue, 09 Jul 2019 01:36:20 +0000
Jul.08 — Renee Wang, chief executive officer and founder of Castbox, a podcast platform, talks about her business strategy. She speaks on the sidelines of the RISE technology conference in Hong Kong on "Bloomberg Daybreak: Asia."

Dacre Montgomery Reacts to 'Stranger Things' Season 3 Finale
Mon, 08 Jul 2019 22:18:03 +0000
Dacre Montgomery sat down with ET Live to discuss the season three finale of 'Stranger Things,' now streaming on Netflix.

Netflix's Huge Release Schedule Will Drive Second-Half Gains
Mon, 08 Jul 2019 22:03:00 +0000
Analysts are increasingly bullish on the streaming giant's slate of original content.

Sports Betting & Esports: What's Next and How to Invest
Mon, 08 Jul 2019 21:03:09 +0000
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains dives into the latest news from the world of legalized sports gambling and esports.

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