Netflix Inc. boosted by 60% the price of its cheapest movie-rental plan that includes streaming and DVD rentals, triggering an outcry among customers who still use the disc format despite the growing popularity of online movies.
The Los Gatos, Calif., company said it will no longer offer a $9.99 a month plan that allows members to stream an unlimited number of movies over the Internet and to rent one DVD at a time. In its place, Netflix subscribers will have to pay $15.98 a month for a plan that combines an existing $7.99-a-month streaming-only movie service with a new $7.99-a-month DVD-only rental plan that lets them check out one disc at a time.
Printed on about 13ma, sold put side of 83/84 strangle for profits but taking a bit of a bath on the calls even with an average down and partial liquidation. I held the rest too long and let them dwindle. Opportunity was there to profit both ways. Hoping for a snapback tomorrow am
Some life on 5 minute chart eod 15 min chart looks horrendous (not posted lol)
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