Moderately bullish activity in Netflix (NFLX), with shares up $2.27, or 2.41%, near $96.36. Options volume more than double the daily average with 264k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.64. Implied volatility (IV30) dropped 1.39 near 34.56,and above the 52wk median, suggesting an expected daily move of $2.10. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underweight at Huber Research.
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