Mixed options sentiment in Netflix with shares up 0.37%

Mixed options sentiment in Netflix (NFLX), with shares up 34c, or 0.37%, near $93.78. Options volume relatively light with 175k contracts traded and puts leading calls for a put/call ratio of 1.25, compared to a typical level near 0.61. Implied volatility (IV30) dropped 0.23 near 44.52,in the top quartile of the past year, suggesting an expected daily move of $2.63. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Erste Group.Looking ahead: Netflix (NFLX) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.