Netflix (NFLX) Regains Upward Momentum
NFLX rallied to a six-week high in the past week and shows the potential to continue higher. The following two articles outline reasons why the stock could continue the momentum - Hooking Up or Locking Down, Netflix Poised to Win Either Way, and Netflix (NFLX) Back in Rally Mode After Brief Correction.
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Revealed: The Top 3 Stocks for 2021
Regardless of how the elections go in November, we've identified 3 stocks with the potential to be a huge win for investors as we transition into 2021. The coming year will likely be one of the most change-filled years we have seen in generations. While many sectors begin to recover, savvy investors would be wise to add these stocks to their watchlist.
Get the Top 3 Stocks for 2021 Report Here
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Technicals
NFLX has rallied above a horizontal level near $510, which hints that the correction from mid-July to mid-August may have ended. The same level contained an earlier range and may now act as support on near-term declines. There is further support from the lower boundary of a trend channel that has encompassed the price action since March.
*source Tradingview.com
If you agree there's further upside ahead for NFLX, consider this trade, which relies on the stock remaining above the 520 level during the next five weeks:
Buy To Open NFLX 2OCT20 515 Puts (NFLX201002P515)
Sell To Open NFLX 2OCT20 520 Puts (NFLX201002P520) for a credit of $3.30 (selling a vertical)
This credit is $0.02 less than the mid-point of the option spread when NFLX was trading near $524. Unless the stock rallies quickly from here, you should be able to get close to this amount.
Your commission on this trade will be only $1.30 per spread. Each spread would then yield $328.70. This reduces your buying power by $500 and makes your investment $171.30 ($500 – $328.70). If NFLX closes above $520 on October 2, both options will expire worthless, and your return on the spread would be 192% ($328.70 / $171.30), or 2,190% annualized.
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From 9-5 Job To 10 Million Trading From Home
Kyle Dennis took a leap of faith and decide to invest his savings of $15k - $2.8 Million later, he owes his success to these strategies during volatile markets.
Learn His Strategies Here.
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Changes to Investor’s Business Daily (IBD) Top 50 This Week:
We have found that the Investor’s Business Daily Top 50 List has been a reliable source of stocks that are likely to move higher in the short run. Recent additions to the list might be particularly good choices for this strategy, and deletions might be good indicators for exiting a position that you might already have on that stock.
As with all investments, you should only make option trades with money that you can truly afford to lose.
Happy trading,
Terry
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Early Profit-Advantage On Wall Street's Hidden Uranium Stock
The Uranium Bull Market has finally arrived and it could be one for the history books. Just like last time when we watched the uranium price shoot all the way to $140. In the immortal musings of all-time Yankee great, Yogi Berra, 'It's Déjà Vu All Over Again!' because this below-the-radar company has secured the fairway tract of land in the Saudi Arabia of Uranium - Canada's famed Athabasca Basin.
More details here...
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Any questions? Email Colin@terrystips.com
You can see every trade made in the actual option portfolios conducted at Terry’s Tips and learn all about the wonderful world of options by subscribing here. Why wait any longer to make this important investment in yourself?
Even better, you can become a Terry’s Tips Insider, and receive all our educational reports and materials absolutely free by opening a new account at the best options broker around - thinkorswim. If you open an account with our link, they will give you 60 days of free trading or up to $600, the same deals they give to everyone who opens an account with them. You must use this link to sign up - open thinkorswim account – and once you have funded your account with at least $3500, email Colin@TerrysTips.com and let him know that you have done it, and this is what he will do – sign you up for our Premium Service package ($97 monthly subscription). You get 3 months ($291 worth) of services without paying us one penny.
I look forward to having you on board, and to prospering with you.
Terry
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