CNBC’s Options Action Trade for March 5th, 2018 – Netflix (NFLX)
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.
We’ve structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience. You can also view the Options Action’s video by clicking on the following link: XOM Options Action
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