JAN 2021: NFLX $545 – $555 Bull Call Spread



Trade Structure

$545- $555 Call Spread

Trade Date


Price Paid


Expiration Days



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Trade Rationale

I have been waiting for this one after NFLX hit $593 on great earnings and subscriber growth. I took the trade based on the previous support levels of NFLX before the earnings report came out. This is how I usually trade earnings. Little did I know that we have a pullback coming up. The pullback really dragged NFLX all the way down to the next support at $515 and many of our members got into this trade at really sweet lower strikes. But within 1 day we are hovering back where we were before the pullback.

Trade Selection Criteria

Overall market movement

We had a nice pullback in the entire market which allowed us to put on 18 trades this week.

No Earnings or Significant News

This is a post earnings trade. These trades are always taken after earnings announcements.

Bollinger Bands outside Keltner Channels

Bollinger bands are clearly outside the Keltner Channels.

RSI Analysis

This is a post earnings trade. Our regular indicators don’t apply here.

ADX Analysis

This is a post earnings trade. Our regular indicators don’t apply here.

Trade Analysis

Analysis will be updated when we close this trade.

Trade Outcome




Beginning Account Balance


Ending Account Balance


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