$Netflix(NFLX)$πΊ π ±ππ »π »π Έππ · πΊπΏπΏ π ΄ππππ ΄π Όπ ΄βΌοΈβ£οΈ
ππΏππΏπ The Netflix Earnings Binge: Big Moves, Bigger Profits! ππΏππΏπ
Kia ora Tiger traders!
Big earnings this week!!! Banks finish AND Tech starts! $ASML, $NFLX, $TSM, $JNJ, $UNH. Jobless Claims on Thursday.
This week, Netflix ($NFLX) is poised to make headlines with its earnings report on Thursday ~ and itβs set to be huge! Thereβs chatter of a stock split, a potential bullish cup-and-handle pattern, and key levels that could push $NFLX up to $800. If youβre not watching this closely, you might be missing the next blockbuster in your trading portfolio! π¬ππΏ
π₯ Key Levels to Binge Watch On:
β’ $733 π₯ (Resistance) β Can Netflix break through this and start the next bullish chapter?
β’ $722.66 π© (Support) β The still steady level.
β’ $711.22 π© (Support) β Netflix might dip here, but watch for a strong bounce! π
βοΈ Cup & Handle pattern? Oh yeah, itβs looking more delicious than your favourite Netflix show! πΊ Analysts have their eyes set on a target of $780-$800, and with the stock building momentum, donβt be surprised if $NFLX breaks out like a plot twist in the final season of your favourite show.
π― Strategic Trade Option Ideasπ‘:
Hereβs how to play the Netflix earnings wave like a seasoned pro and what I'll be watching to enter positions into on Monday Market π Open!
1. December 20 $750 Calls β π― Go long with confidence, aiming for the stars (or should we say $800?) π
2. November 15 $770 Calls β Shorter-term but still spicy for action-seekers.
3. Spread Strategy: Buy $770 Calls and sell $810 Calls to manage risk while capturing profits. This way, you get the upside with less exposure! π
Remember: earnings are always a 50/50 shot, but this time, Netflix looks ready to binge on gains! πΏπ₯
π This Weekβs Market Events to Keep an Eye On:
π’οΈ Monday β Volatility Watch:
Stocks like Trump Media & Technology Group ($DJT), WW International ($WW), and Blink Charging ($BLNK) are expected to see high trading volume this week. Also, analysts are monitoring overbought stocks like:
β’ Duckhorn Portfolio ($NAPA) π·
β’ US Goldmining ($USGO) πͺ
β’ AppLovin ($APP) π²
And oversold opportunities in:
β’ Verses AI ($VRSSF) π€
β’ EnVeno Medical ($NVNO) π
β’ Humana ($HUM) π₯
π¨ Short interest is elevated on Scholar Rock Holding ($SRRK) and Blink Charging ($BLNK) ahead of earningsβcould we see a short squeeze? ππ₯
ποΈ Tuesday β Earnings Bonanza:
A busy day with earnings reports from some major names:
β’ Charles Schwab ($SCHW)
β’ UnitedHealth Group ($UNH)
β’ Johnson & Johnson ($JNJ)
β’ Goldman Sachs ($GS)
β’ Citigroup ($C)
β’ Walgreens Boots Alliance ($WBA)
π₯ Options signals a potential 7% swing in Albertsons Companies ($ACI) ahead of the merger with Kroger ($KR). Could we see another earnings pop here?
π‘ Wednesday - Big Earnings Moves:
The spotlight is on Abbott Laboratories ($ABT), Morgan Stanley ($MS), and Discover Financial ($DFS). With options volatility, thereβs potential for big post-earnings moves, especially with Alcoa ($AA), where options are pricing in a large swing! π₯πΌ
π Thursday β The Big Netflix Day!
π¨ All Eyes on Netflix ($NFLX) Earnings:
With a potential stock split, a bullish chart pattern, and earnings after the close, Netflix is ready to make some serious market waves! ππ₯
π― What to Watch: Will Netflix smash its resistance at $733 and rocket past $780-$800? Or will we see consolidation around its support levels? Either way, get ready for fireworks! π
πΌ Friday β Procter & Gamble Earnings:
Procter & Gamble ($PG) kicks off earnings at 8:30 AM with a focus on organic sales growth. Key peers like Church & Dwight ($CHD), Kimberly-Clark ($KMB), and Clorox ($CLX) could see ripple effects from the call. π
Hey Tiger Traders, are you going all-in on Netflix this week? Or are you hedging your bets with a spread strategy to reduce risk? Whatβs your game plan? π€
@TigerGPT What impact does a potential stock split have historically on Netflixβs post-earnings performance? How does it compare to other tech giants that have split?
π Extra Fun Fact: Netflixβs last post-earnings rally added $50 to its share price~and thatβs before a potential stock split. Whoβs ready for the next big breakout?
π₯ Final Takeaways:
β’ π’ Buy Signals: $NFLX is shaping up for a bullish moveβride the wave!
β’ π‘ Hold Signals: Look for spreads to lower risk.
β’ π΄ Sell Signals: Watch that $733 resistanceβif it doesnβt break, you might want to consider locking in profits.
Happy trading ahead! Get your coffee β, set those Tiger alerts, and letβs see Netflix turn $733 into a new all-time high! π
Cheers, BC π
@Tiger_comments @TigerWire @Daily_Discussion @TigerStars @TigerPicks @TigerPM @TigerOptions
Comments
Let's Go go go $Netflix(NFLX)$ πΏπΏπΏπΎπΎπΎπππ
$Netflix(NFLX)$ Going to pop!
Based on the available news and viewpoints, here is a summary of the key points regarding Netflix's (NFLX) movement:
Netflix is set to release its earnings report on Thursday, October 17, 2024.
Wall Street is interested in whether Netflix will raise subscription prices, as this move could have a significant financial impact on viewers.
The streaming platform has been cutting costs, introducing advertisements, and cracking down on password sharing, while still gaining subscribers.
Analysts have differing opinions on Netflix's performance, with some believing it has effectively won the streaming wars and others questioning its future growth pathways.
In terms of content, Netflix continues to add new movies and shows to its platform, including sci-fi movies and the crime thriller "Woman of the Hour."
The stock price of Netflix has seen a significant increase of 48.5% so far this year.
It's important to note that no specific news or viewpoints were found regarding the potential impact of a stock split on Netflix's post-earnings performance or how it compares to other tech giants that have split.
Please remember that this information is for reference purposes only and does not constitute investment advice. Investing in stocks involves risk, and it is recommended that you conduct thorough research and analysis or consult with a financial advisor before making any investment decisions.
For more relevant information, you can visit the stock quote page of Netflix.
Looks great for Options BC! π»
A BIG week ahead BC! Good luck for your $Netflix(NFLX)$ options! Go NFLX πππππ
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