Wall Street’s quasi-criminal element has engineered a nasty short squeeze in NFLX in after-hours trading Tuesday evening. The news DaBoyz have leveraged concerns the company’s apparent success in its quest to become a global ‘content’ provider. From a purely technical standpoint, the stock looks poised to hit p2=124.94, at least, over the very near term — or even 132.85 if the lower hidden resistance gives way easily. Don’t feel bad if you were not long call options ahead of the move. They’ve been trading with implied volatilities so high as to discourage even the most insanely bullish, would-be option buyers.
