Netflix has a chart breakout situation after news of an increase in worldwide customers. Once a rumored target for Apple, has Apple missed the boat? Price $183.60 @ 18 July 2017
One thing you can almost bank on with NFLX is the volatility when they report earnings. I haven't owned the stock for a while, but you're quite likely to make $ by buying both a put and a call at reasonable prices (and reasonably close to the price going in) ahead of earnings. You can almost certainly make a nice profit (after paying for both options premiums) when the stock rises or falls well into double digits - which it almost always seems to do after earnings.
Good point - surprisingly volatile in a relatively narrow trading range. Will Netflix become a takeover target at some point? Or would it be cheaper for the likes of Apple to set up their own system - poach a few execs from Netflix?
I thought Apple should have bought them out years ago when they were much cheaper. I don't know if they'd want to buy them when they're this high.
Apple is going to struggle to spend its war chest. The directors wont want a mature company, for which they would pay full price, and any early stage investment would have added risks. What will they do? Payment of a special dividend would be a cop out and not reflect well on the directors.
Netflix is also seen as "trendy" among the younger generation and while trends do change, it gives the company a big head start over its competitors.
Good call JR, run ahead of figures then a sell-off and after a period of consolidation we are off and running again with the shares moving higher!
I've recently acquired a pretty small long stock position via the options I bought in the last couple of months.