Call us crazy, but we think Netflix(NFLX) is headed to 90 this week. It seems all the negative press and headlines have turned from negative to somewhat positive. We have been a Netflix(NFLX) bull for sometime, and have rode calls for huge multibaggers at least 3 times this year. We think this will be the 4th. Check out two of the calls (HERE) and (HERE).Chart has been melting higher on lower volume. At some point, somewhere around $85-87, shorts are going to start hitting their max pain target and start to cover. Also think Ichan exercising his calls shows how serious he is about the value of NetFlix.
We currently hold 87.50/90 Nov 23rd weekly calls.