Netflix (NFLX) Offering Possible 58.73% Return Over the Next 29 Calendar Days

Netflix's most recent trend suggests a bullish bias. One trading opportunity on Netflix is a Bull Put Spread using a strike $630.00 short put and a strike $620.00 long put offers a potential 58.73% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $630.00 by expiration. The full premium credit of $3.70 would be kept by the premium seller. The risk of $6.30 would be incurred if the stock dropped below the $620.00 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 69.87 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: Market Rally, Bitcoin Near Highs, Netflix Leads Earnings Movers; Tesla On Tap
Wed, 20 Oct 2021 11:51:55 +0000
Apple fueled another stock market rally. BTC neared a record high as a Bitcoin ETF debuted. Netflix subscribers beat views.

1 Must-See Quote in Netflix's Earnings Report
Wed, 20 Oct 2021 11:47:00 +0000
The stock was trading nearly flat after hours as the streaming giant beat its own subscriber guidance and analyst earnings estimates in its third-quarter earnings report; but its guidance for the fourth quarter wasn't quite enough to impress the market, as it called for 8.5 million new subscribers, the same as Q4 2020, after 4.4 million additions in the third quarter. Netflix's shareholder letter touted the company's new content releases, including Squid Game, the surprise Korean hit that garnered 142 million views from Netflix subscribers, making it its most-watched TV show ever. The success of Squid Game underscores one of Netflix's biggest competitive advantages, and one that the market often ignores.

Futures flat on worries over supply chain disruptions; Netflix falls
Wed, 20 Oct 2021 11:31:11 +0000
U.S. stock index futures were flat on Wednesday as investors weighed the impact of supply chain constraints and inflation on corporate earnings, while Netflix shares remained sluggish after its quarterly report. Netflix's global sensation “Squid Game” helped lure more customers than expected, the world's largest streaming service said as it predicted a packed lineup would further boost signups through the end of the year. Analysts expect S&P 500 earnings to rise 32.4% from a year earlier, according to Refinitiv data, while also keeping a close eye on growth outlook from companies that are faced with rising costs, labor shortages and supply chain disruptions.

Netflix stock slumps after earnings as Deutsche Bank downgrades, but most analysts boost price targets
Wed, 20 Oct 2021 11:30:48 +0000
Shares of Netflix Inc. slumped 2.3% in premarket trading, as investors expressed disappointment that the streaming video giant's third-quarter results and subscriber guidance didn't beat expectations by enough. That said, no less than 19 of the 48 analysts surveyed by FactSet raised their stock price targets and one lowered their target, while Deutsche Bank's Bryan Kraft went as far as downgrading the stock. Kraft cut his rating to hold from buy, while keeping his price target at $590, which is

US STOCKS-Futures flat on worries over supply chain disruptions; Netflix falls
Wed, 20 Oct 2021 11:29:19 +0000
U.S. stock index futures were flat on Wednesday as investors weighed the impact of supply chain constraints and inflation on corporate earnings, while Netflix shares remained sluggish after its quarterly report. Netflix's global sensation “Squid Game” helped lure more customers than expected, the world's largest streaming service said as it predicted a packed lineup would further boost signups through the end of the year. Analysts expect S&P 500 earnings to rise 32.4% from a year earlier, according to Refinitiv data, while also keeping a close eye on growth outlook from companies that are faced with rising costs, labor shortages and supply chain disruptions.

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