NFLX is setting up the stage for upward move towards $114 or downhill towards $90. The result will be out soon.
On January 26th NFLX gapped up due to good earnings. The gap did not fail rather NFLX traded in a narrow range and closed at 116.01. On January 27th I started watching NFLX to make its upward continuation move with a target of 125 in mind. As soon as I saw the move to the upside I immediately alerted members to jump on NFLX with March 125 calls trading at $7.60. Although the target was $125 but I suggested to go ahead and lock gains by market close. We sold our calls for $10.30 thus giving us $270 per contract gains.