I will comment on NFLX, which is mentioned in my original post as indicating the system delivered a bear trade on this ticker. The general feeling here at T2W may be that the trade must have failed with NFLX up 50 points in the last 2 days. The trade was a May 235/240 bear call spread, entered a couple weeks ago, in this case my upside protection was 42%, and the NFLX move has only been 30%.

The trade may still fail, but only if NFLX moves up another 19 points. The trading in NFLX still represents irratiional euphoria on the part of buyers, in my opinion, with the PE now driven up to over 700. If speculators were equally irrationally euphoric over AAPL it would be trading at over $31,000 a share - do the math APPL share price times NFLX pe divided by AAPL pe. Would you be interested in an AAPL bear trade if it was trading at $31k/share? I think so.