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Netflix Inc (NFLX) stock is down about 8% after releasing excellent earnings yesterday. This makes no sense despite market concerns about its reporting. Shorting OTM puts is attractive for income and a cheaper buy-in.
NFLX stock is trading at about $560 in morning trading on Friday, April 19, after releasing its Q1 results after the market close yesterday. The premier streaming company reported that its paid memberships grew from 260.28 million to 269.60 million in the prior quarter, a Q/Qgain of 3.58% and 16% Y/Y.