Netflix NFLX Stock & Option Trade Ideas

Based on the technical data for NFLX:

• MACD (Moving Average Convergence Divergence) crossed below the signal line, indicating a potential bearish signal.
• RSI (Relative Strength Index) is currently at 65.57, which is above the overbought threshold of 70 but still within a range that could indicate bullish momentum.
• Bollinger Bands are expanding, suggesting increased volatility in the stock price.

Considering the above indicators, here are potential trading strategies for NFLX:

• Bullish Scenario:
• If you believe the RSI indicates continued bullish momentum, you may consider a long stock position or bullish options strategies like buying calls.
• With the expanding Bollinger Bands, there could be an opportunity for a breakout to the upside. Setting a target price based on historical resistance levels could be a bullish strategy.
• Bearish Scenario:
• Given the MACD crossover and the potential for a bearish trend, you might consider shorting the stock, buying puts, or employing bearish options strategies.
• If the stock price approaches the upper Bollinger Band, it could be a signal for a potential reversal to the downside, offering a bearish trading opportunity.