10/20 NFLX Earnings Strangle
Actionable strangle for NFLX earnings. A break of recent resistance or support in either direction is profitable on intrinsic value alone. Although premium is higher than ideal given upcoming earnings, there is still a good opportunity here. Will return to work and Cuties controversy lead to a substantial subscriber decrease? Or will earnings confirm the bull thesis? Additionally, will movement towards a cash flow positive business be perceived as a sustainable move, or signal the end of an era of growth and transition toward a share price more in line with a traditional business model.
Let's find out.
Let's find out.
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