NFLX opened up to the downside and attempted to rally a few times during the day, based on the end of day. The stock put in a gain to 108 and change. FastMoney was talking about add on puts. So many think this is a short term bottom put in for this company. That maybe the case for the weekly option holders.
We picked up some NFLX at 1.10 and this option closed at .35 sux out of the perms on this one. Price is above the moving averages and on the Daily Chart, its shows a clear and clean breakdown to the 2010 levels for this stock. Weeklies are toast and this stock underlying will be without ya'll.
