Netflix Stock Is Beaten Down - But Short Put Plays Are Attractive

Netflix, Inc. (NFLX) stock has taken a significant hit, down 27.9% from its peak in late October 2025. Investors aren't too keen on its proposed acquisition of Warner Bros. Discovery. However, one way to play it is to short out-of-the-money (OTM) put options.

NFLX closed at $89.46 on Friday, Jan. 9, 2026. That's down from $93.76 at the end of 2025, or -4.59% YTD. That's no fun.