Options Oracle: 06/29/2012

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.

Watch this week’s video »

To gain access to the PDF download and video, sign up for an Options Oracle Subscription!

About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

No comments yet.

Leave a Reply