Can NFLX Bounce Back?
@TigerOptions:
Exploring Options Strategies $Netflix(NFLX)$ has been in a descending channel since July of this year, and the recent breakdown from this channel, coupled with the stock closing below the 200-day Exponential Moving Average (EMA), is signaling a bearish trend. However, the stock appears to be oversold, prompting the possibility of a potential bounce in the near future. One catalyst for this rebound could be Netflix's upcoming earnings report. In this article, we will explore two options strategies that traders might consider to capture this potential bounce. NFLX Daily Chart Long Call Option: A long call option is a straightforward strategy for those who are bullish on Netflix and believe it will bounce back. Here's how to