Mixed options sentiment in Netflix (NFLX), with shares up $8.35, or 9.87%, near $92.94. Options volume extremely heavy with 1.16m contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.67. Implied volatility (IV30) dropped 1.64 near 37.76,and above the 52wk median, suggesting an expected daily move of $2.21. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Arete.
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