DAILY REPORT CARD

DATE: 4/14 - 4/15

STOCK: $NFLX

TRADE: 30 minute squeeze

$ G/L: +$729

$ G/l: +264%

OVERALL GRADE: A

On Monday, $NFLX broke & close above a MAJOR level of daily resistance
around $390. The stock hadn’t closed above this level since JULY of 2017! So this
was a major breakout, at a level where NFLX bears have won the fight for
almost 2.5 years. With a close above this level, $NFLX quickly became a name of
focus for the group.

After making its big breakout on Monday, the stock tightened & consolidated
beautifully overnight, setting up in a perfect 30 minute squeeze.

Once we opened on Tuesday, and the tape confirmed NO panic-selling on NFLX,

I bought the $420 strike calls for Fri expiration INSIDE the squeeze @ $2.76 per
contract. I patiently held my position, ignoring the early “noise” of the session
and waiting for the squeeze to fire. As they often do, the squeeze ultimately
fired to the upside, and NFLX ran into the close.

I held my call overnight, and sold the next morning into the continued strength
for a killer return. Picture-perfect squeeze play! Identified leading stock
breaking out, took position INSIDE the squeeze, sat back with patience, and
we’ve got another squeeze under our belts.

This trade was a good reminder for me of two things:

1. The power of the squeeze

2. The power of patience/sitting on your hands

WHAT DID I DO WELL?

 IDENTIFIED MY BEST SETUP ON A LEADING NAME MAKING MAJOR

BREAKOUT
 TOOK MY CALLS INSIDE THE SQUEEZE WHILE PRICE/IV WAS LOW
 IGNORED THE CHOPPY START, PRACTICED PATIENCE, AND HELD IN THE
SQUEEZE
 SOLD INTO STRENGTH & DIDN’T LET GREED PLAY A ROLE

WHAT CAN I IMPROVE UPON?

 I NEED TO GET BETTER AT SCALING-OUT OF POSITIONS. TAKING GAINS ON

CORE POSITION, WHILE LEAVING A FEW CONTRACTS TO RUN