The Big 3: RBLX, BITO, NFLX

Market Overview - The current market sentiment is characterized by increased volatility, with a shift from "buy the dip" to "sell the rip" strategies [2][5] - Retail clients are advised to stay cautious and maintain defined risk in their trading strategies [2][3] Roblox - Roblox is experiencing bearish trends, currently down nearly 5%, with concerns over its long-term business model and consistent earnings losses [3][5] - A bearish trade strategy is suggested, involving a put spread with a $5 wide range, targeting a break below the $90 level by December 19 [6][7] - Technical analysis indicates a significant breakdown point at the $100 level, with potential support around the $95-$93 range [9][11] Bitcoin ETF - The sentiment around Bitcoin has shifted to a bullish outlook in the near term, despite previous bearish positions [14][15] - A trade strategy involves purchasing call options on a Bitcoin futures ETF, with a defined risk of $0.85 per share [16][17] - Technical indicators show oversold conditions, with potential resistance around the $1650 level and support at $1403 [20][23] Netflix - Netflix is experiencing post-split euphoria following a 10-for-1 stock split, but there are concerns regarding its potential bid for Warner Brothers Discovery and overall market competition [25][27] - A bearish position is recommended, utilizing an out-of-the-money put spread with a $5 range, targeting a decline towards $108 [29][30] - Technical analysis highlights critical support at $108, with a potential breakdown leading to further declines if the price moves below this level [31][35]