Netflix (NFLX) has reached an important level that is worth paying attention to ahead of earnings, says Tony Zhang. He discusses how NFLX has seen a 100% gain since May lows, reaching an important level worth paying attention to. He sees the company as overvalued and at a key turning level ahead of earnings next week. He then demonstrates an example bearish NFLX trade. The trade type is a strike put spread and the breakeven is $309.87. Tune in to find out more about the stock market today.
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