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Barchart
Barchart
Mark R. Hake, CFA

Huge, Unusual Netflix Put Options Activity Ahead of Earnings Release Later Today

Netflix NFLX Barchart

Netflix, Inc. (NFLX) will release Q3 earnings after the market closes today. That has spurred heavy volume in slightly out-of-the-money (OTM) NFLX put options. Investors should be careful about copying this trade.

NFLX is trading at $69.67 at midday ahead of the earnings release. This is up from a recent Oct. 2 bottom at $67.06, but well off its 3-month peak of $82.73. Could NFLX move higher?

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