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Mark R. Hake, CFA

Netflix Stock Is at a Peak and Options Premiums are High - How to Play This?

Netflix NFLX OTM

Netflix Inc (NFLX) stock is peaking ahead of earnings next month. What should investors do? One thing is for sure - options premiums are high. That could spell high volatility. Shorting deep out-of-the-money (OTM) calls looks attractive here, especially for existing shareholders. Those not yet in NFLX may want to short deep OTM puts.

NFLX is at $708.91 in midday trading on Monday, Sept. 23. This is a peak price for the past 4 years ever since it reached just below $700 in late Oct. 2021.

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