Wednesday, June 15, 2016

#NFLX Bias & Levels Update for Thursday June 15, 2016 by @mocktrade

#NFLX Bias & Levels Update for Thursday June 15, 2016 by @mocktradeSocialTwist Tell-a-Friend























Not much change in my NFLX thoughts and bias as the past week or so ahead of the FOMC rate decision; while/if holding above 92.00 buyers will have odds in their favor to head towards the top of the current wedge and if so 99.35 then 101s become potential targets.

However to me if it was not for the potential of a favorable FOMC rate decision reaction the NFLX auction is favoring a breach below 92.00 to at least the 89s area, and if this bearish scenario plays out I would then like to see NFLX breach out of the current wedge and then push well below 87s in the coming days for the Put side of a new Strangle which was engaged in on Thursday (June 8th) to really benefit. If not I will expect there to be better odds for a move above 101s in the coming days or weeks.  

Ethan Premock
Futures & Options Strategist
Hamzei Anlytics, LLC 

Posted by Hamzei Analytics, LLC at 11:45 AM

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