NFLX is oversold…..but has been in a channel for 17 Trading sessions since its earnies (which is really long). It is holding the support bottoms which is good considering the Nasdaq drop the past few days.
Bouncing but needs over $513-514 to move back to the channel top. Resistance at $518-520 and then $526….then it should move much higher.
I do not see it hitting $530 by the time you have 7 days left on the option (my rule for must exit)……so I would look to sell a peak.