Moderately bullish activity in Netflix with shares up 1.25%

Moderately bullish activity in Netflix (NFLX), with shares up $15.07, or 1.25%, near $1219.72. Options volume roughly in line with average with 114k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.89. Implied volatility (IV30) is higher by 0.3 points near 25.57,in the bottom quartile of the past year, suggesting an expected daily move of $19.65. Put-call skew flattened, suggesting a modestly bullish tone.