### Comment:
I say that I’ve written posts about why Netflix is an overvalued bull trap, and I wouldn’t touch it with a 10 foot pole.  
  
 As for the strategy, I’d wager there’s about a 5% chance that Netflix shits the bed, while you hold your position. For the sake of argument let’s say it’s a 1 in 20 chance. 24*19= $456. $456-$976= -$500

### REPLY:
Just Monday it touched $355. Below $345 is not out of the realm

### END.