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Mark R. Hake, CFA

Netflix Stock Is In a Trading Range - Good for Income Plays Like Shorting OTM Puts

Netflix (NFLX) stock has been holding up well since releasing its stellar Q3 earnings on Oct. 18. This is ideal for investors following income plays like selling short out-of-the-money put options.

NFLX closed at $459.89 on Monday, Dec. 11, which is off its highs of $479.00 on Nov. 28, but up from lows of $346.19 on Oct. 18. NFLX stock seems to be in a trading range since its earnings release.

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