$Netflix(NFLX.US)

Dropped 9% after-hours despite a top and bottom line beat. Why?

This looks like a classic overreaction. The surge in IV has made the premiums too attractive to ignore. Instead of chasing the dip with shares, I am pending Sell Put to capitalize on the elevated premium levels. I’m targeting a significant margin of safety below current levels if the stock gets put to me at a deep discount, I’m a happy buyer. Otherwise, I’ll just pocket the premium while the market panics. 🤤

@Bridge Buzz SG

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