NFLX reported earnings just after 4pm today, announcing to raise prices for new customers by $1-$2.
For all the deets, go here http://www.businessinsider.com/netflix-earnings-2014-4
Here's the trade put on at 11am this mornings: SELL 3 NFLX April 25-14 340/345 put spread @ 2.15
NFLX is up to 371 and change after hours, and volatility will be hammered tomorrow morning when I plan to sell this back to the market! Should be a pretty solid win. Max risk = $855, max reward = $645.
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