Netflix option traders bet on end of earnings slump
NFLX Netflix Inc
$67.05 +3.09%
View chart & analysis → - 1Option traders are betting that Netflix's crisis situation could be coming to an end.
- 2Traders purchased more than 3,500 contracts of 80-strike call options expiring this Friday.
- 3One seller sold 70-strike put options expiring November 20 for a total of approximately 2 million dollars.
So what's the key point?
More people believe that Netflix's difficult period might be ending. They are betting money on the stock price rising in hopes that Netflix's situation will improve.
Source CNBC · View original ↗
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