NFLX shares went up +3.7% today, closing at $671.1, and traded as high $692.79 a new all-time high. Yesterday, NFLX announced an acquisition of a new satirical comedy "War Machine," starring Brad Pitt. Netflix investors also approved an increase in the number of shares the company is authorized to issue.
We picked up NFLX June 645 calls yesterday and locked in profits as high as +158.7% today:
As we exited the those June 645 calls, NFLX appeared to be pushing higher. We picked up June 670 calls and took in another +71% profit trade just 40 minutes later:
We did get a little greedy and rolled up again to June 685 calls. But, as NFLX started to roll back, we exited those at a 53.9% loss:
Still, these trades pushed the value of my Ecstatic Plays to a new all-time high! This portfolio is now up more than +200% in the past 365 days, and up +34.53% for 2015:
To subscribe or to find out more about this product, please CLICK HERE. (From October 2013 to August 2014, I tested Marketfy's trading platform and waited for some changes to be made. I started to manage this portfolio in August 2014.)
NFLX continues to expand into Europe and is looking to expand into China. Today, Marriot International Inc said that its flagship hotel unit will offer guests access to Netflix Inc.'s streaming-video service on TVs in its guest rooms.
NFLX shares only closed up +3.7% today, although, it did jump $20 yesterday already. In the past two days, NFLX had gone up more than $40, or about +12%. Investors are waiting on a stock split announcement after the approval to increase available shares. A stock split would make NFLX shares more accessible to new investors. But, perhaps an entry deal into China would be more powerful in pushing NFLX's stock price even higher.
After hitting above $690, NFLX shares fell back quite a bit, about $20, probably because there was not any actual stock split announcement, and, that people were locking profits, just as we did. Let's wait and see how the stock does for the rest of the week.
Good night and HappyTrading! ™