Netflix, Inc. (NFLX) is a California based entertainment content provider that operates subscription-based services for both online digital streaming internationally and physical DVD delivery to customers within the United States. As of the time of this post (12:50PM CST), NFLX is currently trading at 343.10, up 1.71% on the day. The stock is currently well within the lower portion of its 52 week trading range of 299.50-489.29 where it has remained after share prices made a significant gap lower following last quarter’s earnings release. NFLX is set to report earnings today, 1/20/2015 after the market close.
Risk: $140 per 1 lot
Reward: $360 per 1 lot