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If you think back to last November, you'll remember that everyone was throwing in their towels on Netflix Inc. (Nasdaq: NFLX) amidst a sudden whirlwind of bad news – like the serious Kevin Spacey allegations and Disney pulling all of its content in order to start its own streaming business.
It was a bad news business for this streaming giant.
But fast forward six months, and the tables seem to be turning…
Recently, Netflix announced it is spending $8 billion on developing and acquiring original content. And on top of this, it plans to raise $1.5 million in debt.
That's a step in the right direction – something any investor likes to see.
So, I've got three ways you can play this upswing – and the third one will blow your mind.
Three Strategies to Cash In on Netflix Stock
Recently, Netflix released its earnings report.
And while many were concerned the streaming giant wouldn't live up to the numbers predicted, it turned out to be wasted worry.
Netflix actually came out on top in every category – beating expectations for earnings per share (EPS), revenue, and – you guessed it – subscriber growth.
The company came in at 7.4 million subscribers for the first quarter – beating the "expected" 6.5 million by nearly 1 million.
On top of this, Netflix noted it experienced its fastest year-over-year growth in company history.
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And despite the volatile markets and political rhetoric that has put the market in an up-and-down cycle – Netflix stock is currently up nearly 60% for 2018 – an impressive number compared to the market as a whole.
Now when you see a stock performing like NFLX, you may want to jump right in. But before you do, here are three different strategies that could give you the biggest profit while protecting you from any unexpected bumps along the way.
About the Author
Tom Gentile is widely known as America's #1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Now, he's diving into the biggest market in the world - one that almost no one has heard of before.