Nflx
- Thread starter iceman1
- Start date
just a few pennies
but its funny that I am always thinking of angles, and I thought - "why not take a shot n some puts". Never thought it would crash but I looked at the 205p @2.45 and thought "hmmmm... maybe it trades to 200 by Friday and that makes a nice st profit."
Thus, if I had bought just a 4 lot, like I did for the calls it would mean almost a $14,000 profit.
What's the moral or lesson of that story... yu always miss 100% of the shots you DO NOT take?? Can't just be gambling on lottery tickets with 2 days to expiry on a OTM put.
the problem is not purely netflix, it's the US retail sector, take a closer look at the table of this link:
http://econometricsanalysis.wordpress.com/us-sales-reports/sales-2011/august-2011/
For e.g., look at Retail Total less Gasoline from the above, the gain is a whoppy 0.003%, that means their gain in spending solely goes to gasoline, when you remove gasoline, you have no $$.
many sectors are tanking compares to a year ago:
http://econometricsanalysis.wordpress.com/us-sales-reports/sales-2010/august-2010/
By comparison, look at the same month a year ago from the above link:
retail total less gasoline is a gain of 0.254%.
So the consumer discretionary sector is tanking fast, we'll see a lot more cut back in non-essential spending in the next many, many months to come
http://econometricsanalysis.wordpress.com/us-sales-reports/sales-2011/august-2011/
For e.g., look at Retail Total less Gasoline from the above, the gain is a whoppy 0.003%, that means their gain in spending solely goes to gasoline, when you remove gasoline, you have no $$.
many sectors are tanking compares to a year ago:
http://econometricsanalysis.wordpress.com/us-sales-reports/sales-2010/august-2010/
By comparison, look at the same month a year ago from the above link:
retail total less gasoline is a gain of 0.254%.
So the consumer discretionary sector is tanking fast, we'll see a lot more cut back in non-essential spending in the next many, many months to come