Scott Bauer joins Schwab Network to break down a bearish diagonal put spread on Netflix (NFLX) after earnings and explain why he sees the stock drifting lower from here.
Scott covers:
- Why he sees no near-term catalyst for NFLX and what he expects the stock to do next
- How IV crush after earnings actually made this the right time to put the trade on
- His exact diagonal put spread structure and why he built it this way
- The expiration dates he chose and what that tells you about his timeline on this trade



