$NFLX Earnings

Netflix EPS beats by $0.42, revenue in-line

Netflix (NASDAQ:NFLX): Q3 GAAP EPS of $1.47 beats by $0.42.

Revenue of $5.25B (+31.3% Y/Y) in-line.

Global streaming paid memberships 158.33M (+21.4% Y/Y), net addition 6.77M


$MTN BTC 10/18 220/230 at 1.70. STO at 3.50

Upside Warning

#VIXindicator An inside day on the VIX chart is the third close below 15.05 in a row, meaning an Upside Warning is in effect. Look for higher prices in the coming days. I’m proceeding cautiously after last month’s headfake. I only have one bullish trade (put spread sold this morning).

Expiring today: $SPX Oct 16th 2945/2955-3030/3040 condors sold yesterday for .45.

NFLX – one last earnings trade

New NFLX Diagonal Bear Call Spread
Sold to Open NFLX 10/18/2019 340.00 Calls / Bought NFLX 11/29/2019 395.00 Calls @ 0.60 Credit.

Based on the chart there is significant resistance around 340 since the last earnings gap down.




BTC 10/18/2019 35 calls @0.08. Stock is at 34.05.

#earnings NFLX #tastytradefollow #callbutterfly Sold…

#earnings NFLX
#tastytradefollow #callbutterfly
Sold Oct. 18, 300/310/310/325 for 1.25

CMG rollup into earnings

Sold to open 1 CMG 10/25/2019 892.50 Call @ 5.90 with the stock at 825.75.
This replaces the 870.00 call I just covered at a nickel for this week.

The strike is 66.75 points above the current stock price. Based on what I heard from Fuzzball yesterday, this is outside the expected move into earnings.