NFLX has been a monster over the past few months. Since January of 2015, Netflix has gone from roughly $315.00 to today's $621.66. Buying pressure had been steadily building all year but over the past few weeks there has been a marked decrease in buyers willing to step in at these lofty levels. The stock now seems vulnerable to a pullback particularly if the overall finds itself on shaky grounds in the weeks ahead. No matter how great you feel about the company's prospects, it may be worthwhile to at least begin to look at some hedges to preserve some of the 1st half's gains.