Todays' action on this Ridiculous Ballon Co. is why I hate wall st.
If you wanna believe in an honest market, and I do, I really do, this is simply about supply and demand, fear, greed and pain. Despite all evidence that nflx is a cash burning and ultimately failing company based on a flawed business model, and fraudulent accounting, there will be new over-leveraged (greedy) shorts who must be stopped out, and greedy longs who refuse to accept the bounty they've been given. This will reverse in due course.
This may reverse but after Feb options expire. Do not trade those as you are giving MMs more fuel. March or April PUTs is the way to go. buy some time & leverage. I doubt the MMs can sustain it this high for that long