News Focus
News Focus
icon url

Orvis

03/21/11 8:37 AM

#65729 RE: 3xBuBu #65728

Bought SDS apr, 22 puts on Friday when the market held and the banks appeared to create some interest in buying. It was a risky move when most were buying calls in anticipation of a market decline. Looks like a very good position this AM.

Also nflx announced they are going to show their new series "House of Cards" a drama on reg. TV then go to subscription afterward. This teaser hopefully will get new members and also developing their own "HBO" type premium show(s) will perhaps prevent Starz for example dropping the hammer on them when their contract expires. NFLX content has long been what the critics have thrown out there as lacking and this move particularly if the series is a success is the way to go and actually a brilliant move.

IMHO