Netflix, Inc.
Long

NFLX - watch this support line

218
Stock will move up past 500 if support line holds. If you buy calls, use 5-15-30 minute charts to set stops and targets. I don't usually hold NFLX options overnight because they are expensive and there is too much risk. Stochastic is still below RSI If stock has a daily close below this line then you look for put option setups.
I usually watch this stock Wed-Fri, because weekly options cost less and I can capture an intraday move. For example, today I bought 385 calls when stock was around 482.50 and I will sell them when stock reaches 486-488.

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