Sell Alert: Take a 70% Gain on Netflix

We expected Netflix’s second quarter earnings report to call into question how much more revenue growth the company will have in the future – especially in the saturated U.S. market. The July 20 earnings report included weaker than expected earnings and revenue growth is slowing. We didn’t plan to hold this position very long after this report, so now is the time to close out the put spread after only ten days for a great annualized gain.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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