All eyes on Netflix
The first or two normal trading hours could be crucial later. Netflix may lead the pack and we may see a “tech rally”. This will then burn the Put premiums that bears bought over the last 2-3 days.
As for calls, those that were bought last week would have lost value earlier this week due to the selloff.
The above scenarios will benefit the market makers more than anyone else especially when today is Opex day.
On the flip side, if this is a headfake by Netflix, then various tech stocks will likely go down together.
Just my own thesis / narrative. Not financual advice.
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dwarrior : Indeed. As usual let the MM go first
151677286 : You do realise that interest rates are going up until inflation has been beaten back down to 2%. it's still a bare market and after their losses from the previous year was an abundance of losses.
This is what they call a trap.
Violets : looks like Netflix is being shorted right now. I wonder if it will continue and until market open and after? it is opex...back in the day opex was always red but of course we've seen that change over the last year.
Cow Moo-ney OP dwarrior : That’s right! Only issue is, it’s easier said than done haha![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Cow Moo-ney OP 151677286 : I couldn’t agree more. I’m still bearish towards the market now. In my other post, I shared that if Netflix gaps up today, it will likely fall back down again
Cow Moo-ney OP Violets : I wonder too. We shall see![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
sTone83 : The difference from the highest point in 52 weeks is only $2, so if you get close, it becomes a leek
RDK79 : then again, it may not :(