OPTIONS TRADERS CO-OP

[royg1927]

Looking for a NFLX puts entry for June expiration. The stock is running into an area that should be pretty stiff resistance, from along in here (430.60 something) to maybe another couple of bucks higher.

A dive by the Wm%R(10) on the 15-minute through -50 would be almost irrestible in conjunction with the trajectory of RSI, volume, Stochastics, etc. (IF they continue to develop bearish)

The stock has moved intraday seven bucks from LOD 423.42 to recent high at 430.39.

Not in a hurry here, but worth watching. 420 this week or lower next week could be projected. Monday is a long way from Friday in the options world.