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Netflix And It's Ten For One Reverse Stock Split

No longer is Netflix a $1,000 stock. Now the common man can buy it. That's the new logic. Today Netflix is now trading after a "ten-for-one-reverse-stock-split". Netflix was up $8.51 last week when it was trading at it's old level of over $1,000 per share. Perhaps the street was buying in last week on the hopes that a new wave of buyers will be buying in at this weeks newly adjusted price. Now this, it's five day chart. Now this weeks Call and Put options an hour or so into the opening markets.. Whatever happens it's not going to be a comfortable ride. Maybe it could go both ways. Now it's end of day readings. ..... ..... Here is how the markets closed the day. The now current question is which way will this stock trade on an upward day? One unusual factor is that the open interest in the Puts far outweighs the open interest in the Calls. To me that's counter intuitive. To me that looks like trap for all the Put holders. Usually there are more Cal...
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Carvana On A Tuesday

 It played the same game as Carvana also did on a Monday. Look at these three charts.

1)

It's up on the opening and the Puts at this point (they are "out-of-the-money") are trading at $3.25.


Now the chart changes.

That's the same thing it did yesterday. Yesterday it topped out around 11:00 a.m. and today it topped out around 11:30 a.m.. Now this. It starts to rebound.

So how do you think the Puts did on that downturn. We here is a look just after the fact. You can see how high they went. They went to $4.82.

If you look at the chart more carefully you will see that at around 11:30 a.m. they actually traded down to $2.60. It's not much of a trade but the point is this stock on day one and day two of the week is tradable. I would argue that this "tradability" diminishes towards the last two days of the trading week. At the end of  day (a Tuesday),  Carvana was only up on the day $2.89.
At the end of the day the Puts were basically unchanged from where they were trading at in the morning.
Here now is it's five day chart. It's up about $25.00 in five days. Now its not as exciting to play.







How is Avis Budget doing?
Up another 18% on the day.
How did it close the day?

All this on no news. 

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