$Netflix (NFLX.US)$ the initial knee-jerk reaction for Dow f...
$Netflix(NFLX.US$ the initial knee-jerk reaction for Dow futures last night moments after the attack was posted on Twitter because that was actually the first source that had news of the attack. Dow futures went down over 600 points and gold was up about $35 and now you see everything moderating it's not approaching zero where it started but 100-point swing in the Dow is really nothing at this point relative to the percent loss the NASDAQ is the one that suffering the most because you have companies like Netflix that are going to get decimated for several days at this point. as long as iran does not retaliate directly let them continuously using their proxies out of Hamas that Israel will keep sending to meet their martyrs that the markets can tolerate that's evidently become the new Norm at least for now and today's society. the drop in Netflix where you see it is at a near-term support line if it breaks this it's a 480 stock it'll wipe out all the games of this year I don't believe it's going to do it today they're discounting it I think the next couple of days you're going to see backing and filling but any major shock from Iran will create a massive slide down to 480
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
560Followers
8Following
4462Visitors
Follow
Foodie Investor : Specifically for today only (options expiration day), I see there’s a HUGE volume of options at $600, will this help drive the price back up temporarily?
102105539 Foodie Investor: In that case it is possible for big players to drive the price up since the seller is losing momentum in the overall market, however it is still subject to the overall investors’ confidence in NFLX
10baggerbammOP Foodie Investor: 90% of option trades expire worthless that means 90% whether it's a call or put or wrong the wrong in time the wrong in strike where resulting in a loss. so I don't believe you can look at a 600 strike where there's a huge open and interest and say oh look at all the money went in that's betting that the stock was going to close above $600 because these could have been in the money call sold as a hedge to lower cost basis earlier this week yesterday two weeks ago a month ago a year ago you don't know so you can't look at it blindly and assume that all this open interest at 600 is where it's going to close cuz you think it's going to get pushed to that level you're wrong it doesn't work that way