Netflix: +8.47% in one trade
Netflix was expected to report its fourth-quarter earnings after the market close on Thursday, January 18. We had published the question a few days before earnings report was released:
Netflix, Inc. (NFLX) is scheduled to report its Q4 results on Wednesday, January 18 after the market close. Will Netflix report earnings per share (EPS) above current Wall Street Consensus of $0.13?
According to Cindicator users, the probability for Netflix to beat analysts’ expectations was 86 percent. Therefore, we had bought a few shares of Netflix at $132.07 before the market close on Thursday, January 18.
Netflix stock jumped as much as 9% in after-hours trading on Wednesday, January 18 after the streaming service posted subscriber numbers that crushed its own guidance. The company also announced earnings of 15 cents per share that beat Wall Street expectations of earnings at 13 cents per share.
We closed half of the position in post-market trading at $144.50. Next day, we closed the rest of the position at $142.
Overall, gross profit was 8.47% in less than 24 hours. That has been our biggest winner in 2017 so far.
Happy trading,
Cindicator team
Risk Disclosure. Everything we post is for educational purpose only. Futures, options, equity and currency trading involves the risk of loss. Any opinions, news, indicators or other information contained in our blog is provided as general market commentary and does not constitute investment advice or recommendation to buy or sell any type of security, futures contract, or foreign exchange contract.