About two weeks ago, we scored a big one on NFLX when the company approved increase of shares available on the market. We took gains as high as +159%!
Yesterday, after the market close, NFLX announced a 7-to-1 stock split. NFLX shares traded up to $705 in after-hours trading. We started trading NFLX calls on Monday, and, locked in some profits on Tuesday:
In our Chatroom, we discussed the possibility of a stock split. We all knew it was coming:
The way that it was trading this week and with the recent price target boosts to as high as $900/share, I felt that it was worth the risk to hold on to some calls. Sure enough, the news came yesterday!
We locked in profits this morning at over +77%:
Then, we rolled up and made some more quick, intraday, profits:
We got a little greedy and rolled up again, just before Icahn exited his position. NFLX quickly fell $7. So, we took the loss on our last trade:
So, from these trades, we ended up about $4195, or about +67% of the original trade! These trades have pushed my Ecstatic Plays Portfolio to a new all-time high! To subscribe or to find out more about this product, please CLICK HERE. If you have been reading my articles, but, have not checked out my services, please take a moment and CLICK HERE to see what Ecstatic Plays offers!
Where do we go from here on NFLX? I think there's a lot of trading left. When AAPL split 7-to-1, it jumped +8% the next day! NFLX is current up about +1.5% as I write this article. So, why the magic number "7"? This tells the investors that the company's management thinks that after the split, its stock should ...