How To Trade The -30% Coinstar Plunge (CSTR, NFLX)

Coinstar CSTR reported lowered guidance today, and after resuming trading on January 13th at 5:00pm, the stock gapped down over 30% from previous levels. This massive gap shaved over $500M of market capitalization from Coinstar. Traders are also watching Netflix NFLX, which is currently down 1.2% from the close. In a related market is Blockbuster BLOAQ BLOBQ, although Blockbuster is currently dealing with bankruptcy. At last check, shares of Coinstar were trading at $39.60.