Seeking Alpha
  • Scotttrade
    should I make a bold move and short NFLX at $78 ?yay/ nay? next move for NFLX is $70 this week after bad news on US debt.
    11/21/11
    Reply (6)
    • Scotttrade: worst case senario... just wait out the short until it hits $50 sometime in Dec.... right? any thoughts on shorting NFLX now??
      11/21/11
    • Ricardo Espinosa: I would go for it, but keep tight stops, it´s got big short float, can rally hard at any time.
      11/21/11
    • Canary Cash: I'm kinda hoping for a short cover rally on BS to put puts on sale...it could easily get to 50 by end Dec but just as easily 100...
      11/21/11
    • Canary Cash: that said, I prefer going long a T out of the money Put/Call spread. I'm convinced it will eventually tank but prefer to monitize swings
      11/21/11
    • AlphaVolume: just go long leaps. im comfortable losing 1000 for possible 10,000 bucks on a nflx implosion bet. so long june 2012 40 puts.
      11/21/11
    • Ricardo Espinosa: Bryce: Nice call, I´d also look into CRM, CMG and other high-beta stocks.
      11/21/11