Dan Nathan suggested on CNBC's Options Action investors should consider a bullish options strategy in Netflix, Inc. NFLX.
He wants to buy the May 145/165 call spread for a total cost of $5. The trade breaks even at $150 or 6.47 percent above the closing price on Friday and it can maximally make a profit of $15 if the stock jumps to $165 or higher.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in