Option traders moderately bearish in Netflix (NFLX), with shares down $32.38 near $1192.08. Options volume running well above average with 119k contracts traded and calls leading puts for a put/call ratio of 0.93, compared to a typical level near 1.01. Implied volatility (IV30) is higher by 0.4 points near 26.36,and below the 52wk median, suggesting an expected daily move of $19.79. Put-call skew steepened, indicating increased demand for downside protection.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NFLX:
- U.S.-China talks continue, IBM making large-scale quantum computer: Morning Buzz
- Netflix plans $1.1B investment in Spain, Deadline reports
- Netflix (NFLX) Amps Up Overseas Focus with 1B Euros Investment in Spain
- Netflix director sells $39.8M in common stock
- Bearish options flow identified in Netflix with shares down 1.0%
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue