Any thoughts on buying NFLX?
From a pure reactionary point of view this might be the textbook time to buy, i.e. given the level of fear it is possibly well overblown.
What holds me back is that NFLX may actually never recover from this. The streaming space is overcrowded, no longer cheap, and does not have enough desirable content in any one service anymore. Once subscribers start to be squeezed out it will be very difficult to recover that base, let alone grow it. Raising prices from here is a death spiral, but holding or cutting prices will starve the company. Being the big behemoth it is, NFLX will find it difficult to innovate. It's very likely that they go into harvest mode from here and fade out within a few years.
Maybe a LEAP/straddle?