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Netflix (NFLX) stock took a hit after peaking at over $691 in early July and it's now down to $630. NFLX is up from recent lows, but its put option prices are still high. This is ideal for short sellers as an income play.
In midday trading on Friday, Aug. 9, NFLX stock is at $632.09, up from a recent low of $598.55 on Aug. 5.