On Friday’s CNBC’s Options Action, the crew analyzed the performance of the Netflix stock. Netflix (NFLX) has been one of the hottest stocks in 2018, after returning 115% over the past 12 months. As a stock with extremely strong relative strength, it is likely to continue higher as they have 8 nominations for the Oscar’s this weekend. Expecting a continuation higher, Michael Khouw suggests buying an April 290/340 Call Vertical for a $14.85 Debit. Note: The price of this option has changed substantially by the close on Friday ($19.75), you may not be able to get executed at these prices on Monday morning.
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