More Bank Earnings, Netflix and Stuff

• Bank of America reported earning before market open and they were good. Bank stocks popped at open. JPM went down from 111.47 to approximately 110, came back up to 111.23 before going down to close just above 110. Months ago JPM had a great quarter and the price action was similar. I found that when the stock would hit a high for the day, buy a PUT and sell it once it drops a dollar. This worked for a couple of weeks before it broke out of the cycle and continued higher after a short drop. I found this worked with Home Depot as soon as it would hit a new high.
• The DOW Jones was up from beginning to close. Home Depot had nice movement to the upside peaking around 175.50 before losing a dollar by close.
• Google popped at open to hit 1044 before coming down to 1034. It came up a little before retesting the low for the day and with everything in the market took off and peaked at 1pm. It’s high was just over 1050 and closed at 1046.
• Netflix earning were reported after the market close. It was down more of the day from 308 to as low as 304. Last Friday on CNBC’s Option Action they were showing buying a PUT spread anticipating Netflix will go down as low as 275 with a 50% chance after earning were reported (I didn’t like because it was just as likely to go up).. After close it went down to 300 and shot up to 326 with excellent earnings report with strong customer growth in the US and international. CNBC’s Fast Money show expects to see Netflix hit it’s all time high which was established in March before coming back down.