NFLX: collect 0.7% premium on this sell call with strike at $1200.
Contract expires next Fri on 16th May.
NFLX loss some traction on news that Trump is imposing 100% tariffs on foreign made movies.
While it's unclear if that affects NFLX and how it's being implemented, the stock sold off early but eventually retraced upwards despite a bearish trading day.
This reflects strong bullish momentum for the counter.
Having said that, setup this bearish trade to sell call on NFLX. All time high and very sharp ascendency, with $1200 resistance band approaching, risk reward favours potential profit taking or if any bearish news that might turn this around.
Concept trading so might need to cut loss if NFLX continue to go even higher.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 8.50 1Lot(s) | -- Closed |
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