Netflix: Stock Split
Have you been following the news on Netflix. We’ve done several trades.
Netflix (NFLX) is doing their 7:1 Stock Split on July 14th, which is Tuesday, but the new shares will be in your account on Wednesday, July 15th.
The past few days have shown the rally into the split, and it should continue on Monday and Tuesday. In my new book, STOCK SPLITS, I show the six times to trade stock splits. This week is #4 the Rally Into the Split. But #5 says on the split date and a few days thereafter the stock backs off. That would be a problem if you have the July 17th options, as they expire on Friday.
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