NFLX: Taking Profits (A Follow Up)

Hey traders!

Last week, I posted a bullish Netflix (NFLX) setup at Five Star Trader. At this point, this trade is making targets, and I’m taking profits.

What does that look like? Well, Netflix has hit just below my price target of $730. My put credit spread, and my butterfly has two days remaining. One could argue that I could wait another two days to squeeze out more profits, but I like to be relatively conservative with my exits because I don’t like my profits to disappear when lousy news hits when my options are too close to expiring. I don’t enjoy spending all this time following a trade only to get down to the wire and have it suddenly lose profits and, even worse, lose the original investment!

Check out a screenshot of Netflix making targets below:

Want to learn more about how I managed the trade and why? Check out my Trade Review YouTube video below:

Up Next...

Bullish Picks & My Debut on Trader’s Code

Hi Traders! Welcome to the latest edition of the Five Star Trader newsletter! As we continue our bi-weekly revival, I’m sharing my bullish outlook for this unusual September and highlighting some favorite trade entries. Plus, I’m thrilled to promote my debut episode of The Trader’s Code, filmed at the iconic NYSE with Jeffrey Hirsch (@almanactrader). … Read more

Read More

A Temporary Goodbye

I hope this message finds you well! I wanted to take a moment to share some personal news with you. As many of you know, I’m expecting, and it’s almost time for me to welcome a new addition to my family! As a result, I’ll be stepping away from my weekly market updates to go … Read more

Read More

Bitcoin to $80,000?

Hey traders! I’m spying a daily and weekly squeeze in Bitcoin, and it’s a stone’s throw away from breaking critical resistance at $70,000.  If it can break through $70,000, we should go upward to $80,000. Coinbase (COIN) is also breaking out! Learn more in the video below:

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now

Subscribe Today!

Want to walk the path to trading success together? Join Danielle’s “Five Star Trader” E-Letter for market insights, tips, tricks, and special bonuses.

We will never sell your information to any third parties.

all-as-seen-on-logos