Netflix's most recent trend suggests a bullish bias. One trading opportunity on Netflix is a Bull Put Spread using a strike $357.50 short put and a strike $352.50 long put offers a potential 40.85% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $357.50 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 $352.50 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 53.34 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Netflix
NBC removing "The Office" from Netflix in 2021
Wed, 26 Jun 2019 04:16:37 +0000
NBC announced Tuesday it will remove "The Office" from Netflix starting in 2021. The show, one of the most popular shows on Netflix, will be added to NBC's own streaming service.
"The Office" is leaving Netflix for NBC's streaming service in 2021
Wed, 26 Jun 2019 03:19:00 +0000
"I have a lot of questions. Number one, how dare you?"
'The Office' to leave Netflix in 2021, head to NBCU streaming service
Tue, 25 Jun 2019 23:48:48 +0000
Comcast Corp's NBCUniversal will pull popular workplace comedy “The Office” from Netflix Inc in the United States in 2021 and make the show available on its own streaming service, the company said on Tuesday. “The Office” is the No. 1 series on subscription video-on-demand services such as Netflix when measured by the number of minutes streamed, according to a statement from NBCU. The show was streamed for more than 52 billion minutes in 2018, twice as many as the next-viewed program, NBCU said.
UPDATE 2-Disney poaches Netflix film executive for streaming service
Tue, 25 Jun 2019 21:45:48 +0000
Walt Disney Co said on Tuesday it had hired a top executive in Netflix Inc's original film division, Matt Brodlie, to lead international content development for its upcoming family-oriented streaming service called Disney+. In his new role at Disney, Brodlie will determine what content needs to be produced or acquired for Disney+ customers outside of the United States, according to a statement from the company.
What Netflix Does — and Doesn't — Do With Your Data
Tue, 25 Jun 2019 21:11:00 +0000
Netflix's viewer data is all about improving the value of the service.
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