Mixed options sentiment in Netflix with shares up 0.16%

Mixed options sentiment in Netflix (NFLX), with shares up $2.00, or 0.16%, near $1222.08. Options volume relatively light with 44k contracts traded and calls leading puts for a put/call ratio of 0.92, compared to a typical level near 0.88. Implied volatility (IV30) dropped 0.68 near 41.56,and above the 52wk median, suggesting an expected daily move of $31.99. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Seaport Research.Looking ahead: Netflix (NFLX) will report earnings after the close on 2025-10-21.Option markets are pricing in a 50% probability of a move greater than 7.72% or $94.29.