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Netflix, Inc. (NFLX) Message Board

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  • yourdeadmeat69 yourdeadmeat69 Sep 25, 2011 10:26 AM Flag

    ha, um, HA!

    Repeat, if you are long at $140, are you going to double down?

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    • im long at 130.00 no reason too double down yet.if it hits 110.00 i will double down!

      • 1 Reply to shakeitoff11
      • I'll tell you what I did. I got in at $131 and sold $120 strike call options due Oct 21st. My plan was to make eight bucks in a couple weeks, or, play the ying and yang of it, as Thursday, the huge selloff of the market, found NFLX hanging pretty tough.

        That's a lot to say for a stock that had been $160 a couple days earlier.

        We could be wrong, but I am willing to see Monday @120, pull the calls back in about $12, and ride the wave up to about $128. That's a net of five bucks, and for this little trade, is pretty nice IMHO.

        I could lose just as much, but probably no more. The stock is following the market, if Thursday had just finished even, I think we'd have seen $135 Thursday and $136 Friday.

        It's just a shot, everybody has already eaten the Fib retrace of 62%, I think we plateau $125-135 for a bit.


    • I'm not long at $140.

      I sold short at $250. When I bought at $140, I was closing out. My current position is 0 shares. I have no particular opinion at these levels. Selling at $250 was a no-brainer; what to do at $140 or $120 is not so obvious.

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