SIZE SWEEPERS LEGS INTO NFLX WEAKNESS

Today’s order flow in NFLX was simply a sharp player putting on some long exposure in the name. It wasn’t cheap OTM spec-buying looking for an upgrade or some news, today’s player wasn’t shy about laying wood (premium) to take advantage of pullback in the name .. We actually saw similar type activity in NFLX earlier this year .. The stock has been a bit more choppy & sluggish than we’ve been accustomed to seeing in years past, but it has also held up a lot better than other hot stocks from last year. NFLX is also “trade-war proof”, so that’s a plus.