Netflix (NFLX) Offering Possible 40.85% Return Over the Next 21 Calendar Days

Netflix's most recent trend suggests a bullish bias. One trading opportunity on Netflix is a Bull Put Spread using a strike $340.00 short put and a strike $335.00 long put offers a potential 40.85% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $340.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $335.00 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 52.31 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Netflix

PRESS DIGEST – Wall Street Journal – Jan. 30
Thu, 30 Jan 2020 07:05:06 +0000

Netflix layoffs hit marketing amid strategy shift (Streaming roundup)
Wed, 29 Jan 2020 22:39:35 +0000
Netflix Inc. is laying off some employees in its marketing department as the streaming giant shifts to touting its own brand alongside its flagship movies and series. The company will cut 15 or more jobs in the marketing department this week, The Hollywood Reporter first reported. The move comes six months after the arrival of Jackie Lee-Joe as Netflix's chief marketing officer, replacing Kelly Bennett, who stepped down last March after seven years with the company.

David Einhorn Is Short Netflix
Wed, 29 Jan 2020 22:09:00 +0000
The guru defends his position based on a few negative developments for the company Continue reading…

Aretha Franklin projects shoot in Atlanta despite film industry conflict
Wed, 29 Jan 2020 17:37:42 +0000
Georgia's film industry remains in limbo, but high-profile productions continue to be shot in the state.

Canada panel urges taxes and domestic content rules for Netflix, other U.S. firms
Wed, 29 Jan 2020 17:34:24 +0000
Ottawa should require U.S. tech companies such as Netflix , Amazon and Facebook to collect the same taxes as Canadian companies and also be subject to the same requirements for supporting domestically produced content, a Canadian government-mandated panel recommended on Wednesday. “Our recommendations for reform are practical and actionable, providing the legislative powers and regulatory tools necessary to seize the opportunities and address the risks of the digital age,” the panel's chairwoman, Janet Yale, a veteran Canadian telecommunications executive, said in a news release accompanying the report. Prime Minister Justin Trudeau's government created the six-member panel in 2018 to examine Canada's decades-old broadcasting and telecoms laws, and advise the government on how to bring the legislation up to date with the current digital landscape.

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