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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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Costco Can Move .

 Costco doesn't always follow which way the markets moves. Look at these Costco Calls this morning which is a Wednesday. First the Calls.

Only six contract traded in the first six minutes, some as low as $5.30 with a current bid and ask of $6.65-$8.95.  $8.00 dollars would probably get you in now . Now it's Puts.

Last at $5.20 but $4.80 would probably get you in. Here is it's five day chart.  Two days ago it was trading for $25.00 dollars a share less. Now a recap of the end of the day's readings. The DJIA was only down 106 points and look at what happened to the Puts.



Now it's five day chart.
Here is my point. In recent blogs I have talked about massive one day moves on a multitude of stocks. That's simply the way that the markets have worked as of late. Look at Tesla's recent chart as an example. 
When you see a stock in the $1,000 per share range, especially one that is up on the opening on a Wednesday (which is the day of the week the markets can shift direction as I often mention) it's time to think about playing it down.
   You might think to yourself that it's easy to blogs about things after they happen. Read back some of my past blogs. Many are about Wednesday reversals. Wednesdays and Fridays are rocket missile days for short term option players.

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