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Barchart

Mark R. Hake, CFA

Netflix Stock Is Close to Fair Value - Shorting Options Is the Best Strategy Here

NFLX Netflix Barchart

Netflix Inc (NFLX) stock has risen a good deal recently. It's close to the prior target price of $714, now revised to $809 (see below) based on analysts' forecasted revenue hikes. Selling short out-of-the-money puts and calls is an ideal way to play this.

NFLX closed at $701.35 on Friday, Aug. 30, up significantly from a recent low of $598.55 on Aug. 5. This is close to my price target of $714, described in my July 19 Barchart article.

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