Take NFLX Profits!

Sell Into Strength

By Bryan Bottarelli
Monday, March 22, 2010 10:49 AM EDT
Mon, 22 Mar 2010 14:49:00 GMT

PLAY: Sell your NFLX April 70 Calls (O:NFLX 10D70.00) at market, good for the day.

Dear Bottarelli Research Member,

As you probably know, I love the tactic of selling our calls into strength. Right now, that’s exactly the situation we have with Netflix (NFLX – NASDAQ). As you can see below, the stock is shooting up to a new 52-week high, which has pushed our NFLX April 70 Calls (O:NFLX 10D70.00) from $3.00 up to $3.60, good for a quick 20% gain. Let’s take the money and run!

NFLX

PLAY: Sell your NFLX April 70 Calls (O:NFLX 10D70.00) at market, good for the day.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli
Editor, Bottarelli Research

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