Midday Missive

Those wishing to play today’s little lotto.
LNKD…25 April 14 180 Call 2.90 is about Mid-market.
NFLX…25 April 14 370 Call
These are almost 4 times as expensive as last qtr’s earnings
trading around $8.50 dollars.
The last time NFLX reported the stock price was 20 dollars lower, and a similar call could be bought for around $2.50.
The options boys do not seem so eager to sell premium this qtr as they were last qtr.
NFLX held the 200 day mvg avg near today’s low @ 339.30 , so the path of least resistance seems up.
I’m not expecting the indices to do much of anything.
Look to the weekly options to play the little lotto (short term directional bets on earnings releases) in individual names.
AUD/NZD…109.13 is resistance, with resting buy stops above 109.48.
Running the Buy stops leaves way for a move to 110.60.
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