Netflix Is Down on A Monday Morning In A Strong Market

Down but not out. Down a few dollars in it's first two hours of trading is just enough time to acknowledge the downward projectory is real. If it was down $10.00 or $15.00 that would be a different story. Here is what it's five day chart looks like. Here is what two series of it's Calls are doing around 11:35 a.m. in the morning. Look at the high volume of trading in these two option series.. .... At 11:51 a.m. the markets are up. Has this stock stopped falling? So what do you do? You avoid buying in until the slide down stops. It's easier said than done. Yet wait and think. It's Monday morning. Let it slide. Now some closing readings on the day and a look at the 64 and 65 series of Calls we first looked at this morning. ... ... Getting in at 11:35 a.m. means you would of had to wait until the end of the day to get your money back. Buying in at 3:30 p.m. and getting out at 4:59 p.m. was the way to go. The botton line is don't be purchasing Call options on f...