why would i buy puts if i believe it could be $120 by the end of 2026/early 2027?
Options are how you end up broke. I buy shares. I plan to buy even more during the inevitable drawdown as short term investors/funds take profits.
The share price was dropping way b4 the merger was even announced, telling you that short term people were looking for the door and took profits. The stock went from being up 50% YTD from june highs to only being up 30% YTD during August correction. That right there should tell you the stock was overvalued. And then in sept when WBD announced it was taking unsolicited bids NFLX slowly started coming back down to earth and is only up 7.3% YTD currently as more and more institutional money started taking profits after seeing the writing on the wall that NFLX would win and burn a lot of cash doing so.
M&As especially ones this large are a regulatory nightmare and the antithesis of growth based investing(pretty much the entire market has shifted from value to "growth"). Netflix will eventually kick off a new growth cycle but it will take time.
Honestly June 2026 could be right around when most people start to wake up and realize this will be a much longer process than they thought and i can see the drawdown happening spring/summer 2026 b4 rebounding as people pile back in during late fall/winter.
Former head of DOE, former Texas governor, Texas A&M is hosting DOE SMR pilot programs and we’re in the energy, nuclear and data center tailwind era. Idk, most of pricing seems like a popularity contest. I’m buying light when the momentum ends
Edit: day traders, you might want to get in. Crazy volatility right now