Netflix Inc (NFLX)

[Zilla]

Parabolic doesn't mean it can't go even higher but looking at the chart over the past year...

The 1st leg was 185.22 low to 286.81 almost 55% higher (Gap from under 230 not filled)
Then down more than 17% to 236.11 off of bond yield panic in Feb
Then the 2nd run was up more than 40% to just under 334.
Then down almost 19% to 271.22
The 3rd run up more than 55% to over 420 the other day. We did have a 25% move to 338.82 making a new high at the time, but it had a less than 15% correction to 292.61 and we had an all time high the other day at 423.21

So my WAG is we should at least hit 360 before the next leg up to GS's 500 or at least 453.55 for another 55% gain from the 292.61 low.
OR.....
Full blown correction...420 is pretty 'high' LOL =P

So none of this matters except for I'd be buying calls if we hit 334.33 before the next ER as that's a 21% correction from the current high and I'll be buying puts if we hit 453.55 before the ER. Probably won't get below 359.73 a 15% correction but being options are risky to lose it all, I'll wait and see the numbers at the ER if we just find a channel and trade sideways. This is more a 'reminder' for me than anything and good luck all...