Options Think Tank

[Breakout]

NFLX - I do like it but the just following the charts. I did a little looking into the dec. options. The dec 70's had 211 x 100 per contract 21,100 x 2.93 avg price = $61,823 so far today and it has an open interst of 2,285 x 228,500 locked up x 2.93 avg. current value = $670,000 laid down. If that become itm at any point you looking at 3x the return for them.

Plays with in plays! Hard red day. Be nice to see how the options price on the dec. 70 have flexed recently.

By the way great stuff you sent me.