Our long-term opinion for Netflix has been bullish and our expectation for the stock is that the gap will eventually fill to the upside. We already hold a long call position in this stock and the credit put spread that we are putting on today will help to pay down the cost basis. Support is right around the $60 price area and the stock price is now holding at levels over the 20-day moving average.
Options Oracle: 06/29/2012
Posted on June 29, 2012 by AJ Monte in Options Oracles

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