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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