Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

NFLX Options Puts Analysis

Written By: ChartChamp

March 15, 2024

I think NFLX is overbought and in need of a correction here. However, I still see a lot of bullishness still. I have a feeling that an options puts trade would work out, but I don’t think this is the safest entry. I think NFLX and the markets could start trending down next week. NFLX is forming a bearish weekly candle below a $615.32 resistance level. My key price target on the way down is $585-$587 and I think this could turn into a dead cat bounce for NFLX to drop lower. Not a bad trade to consider, but NFLX has been holding up pretty good and is one of the more bullish stocks in the market.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

Bullish Stocks Headed Into Earnings

CTASGATXMRTNMSNXTRLI Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

DLO Swing Trade Setup

DLO is trading near all time lows, and is approaching a seasonally bullish time period in July and August. On the week of June 24 DLO is very bullish with a 100% bullish rate and +17.14% average returns. Next week is also bullish with 3% average returns. Entry price: $7.67 to $7.76Price targets: Stop loss: […]

Read More
Default Thumbnail

The Threat of a Black Swan Reemerges

There are two key trends to monitor for the remainder of this year. The first is the inflation data, which has been gradually cooling down. The Fed keeps pausing and pushing back their target Fed pivot date. The media narrative is that this is bearish, but in actuality the delays are bullish for the markets. […]

Read More
Default Thumbnail

Bullish Stocks Headed Into Earnings

CTASGATXMRTNMSNXTRLI Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

DLO Swing Trade Setup

DLO is trading near all time lows, and is approaching a seasonally bullish time period in July and August. On the week of June 24 DLO is very bullish with a 100% bullish rate and +17.14% average returns. Next week is also bullish with 3% average returns. Entry price: $7.67 to $7.76Price targets: Stop loss: […]

Read More
Default Thumbnail

The Threat of a Black Swan Reemerges

There are two key trends to monitor for the remainder of this year. The first is the inflation data, which has been gradually cooling down. The Fed keeps pausing and pushing back their target Fed pivot date. The media narrative is that this is bearish, but in actuality the delays are bullish for the markets. […]

Read More