Mixed options sentiment in Netflix with shares down 0.46%

Mixed options sentiment in Netflix (NFLX), with shares down 41c near $88.14. Options volume more than double the daily average with 1.28m contracts traded and puts leading calls for a put/call ratio of 2.34, compared to a typical level near 0.89. Implied volatility (IV30) dropped 1.19 near 46.62, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.59. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Netflix (NFLX) will report earnings after the close on 2026-01-20.Option markets are pricing in a 50% probability of a move greater than 6.46% or $5.69.