TopOptionsAIerts
Nov 2, 2:30 AM
$NFLX NOV20 64C · still actionable
Zone:
$61.65 to
$62.51
Invalidation: close under
$61.39
Objectives:
$65.80, then
$69.53
The math: up 6.0% to the first objective and 12.0% to the second, against 1.1% risk on the invalidation, better than 10 to 1 to the second.
I like this swing because Friday held above
$61.39 after Thursday printed that same low, and buyers still closed it at
$62.08. Earnings are already out, so you are not waiting on a report to move this. The zone is tight and the invalidation is clear, so you know where you are wrong before the move starts. If
$61.39 holds,
$65.80 is the first spot to watch for buyers pushing back.
Watch:
$63.05, the Friday high. A close over it shows buyers taking back the range.
0 replies