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Netflix, Inc. Message Board

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  • i_gotta_have_more_cowbell i_gotta_have_more_cowbell Feb 6, 2013 5:27 PM Flag

    It defies logic

    Daytrading is hit or miss for me, chased stocks many times, sell too early or too late, for me I like to use deep in the money options with a longer time frame, and capture what I think the overall movement will do as opposed trying to nail down specific price points. I see both directions from here; down side correction on fundamentals, so I'm not abandoning my March 190's, and then upside potential based on technicals that do put it 300-400.

    Some deep in the money calls would insulate the position, and with enough movement in either direction, I can sill be a winner. Though I'm not ready to straddle just yet, since that's really a bet on volitility, and I think we have some sideways motion to overcome before volitility will return. It's also entirely possible to acheive both a correction to 130, and a rally to 300+ in a short time frame, so both bulls, and bears can be correct at the same time for near term outlooks.

    Frustrating, and exciting at the same time.

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