Netflix Stock is Well Off Its Highs - Ideal for Value Buyers and Short Put Traders

Netflix (NFLX) stock is well off its highs, down to where it was at the end of May. This is attracting value buyers in NFLX, especially given its strong free cash flow (FCF) generation. In addition, short sellers options like the stock's high put premiums. These high premiums make them worth shorting for income.

As of morning trading on Friday, Sept. 15, NFLX stock was below $400 per share ($397.53). That is where it was trading on May 31, when it closed at $395.23. Moreover, it's now down over $80 from its peak of $477.59 on July 19, off 16.8%.