Nflx stock price option market activity around NFLX

Option market activity around NFLX stock price shows increased call buying, with near-term strikes at $650 and $670 dominating volumes. Traders expect heightened volatility ahead of upcoming earnings. Strong top-line growth and robust margins drove more than a 48% rise in the EPS . Despite the upbeat Q2 results, shares fell as the company’s Q2 free cash flow declined to $1.2 billion from $1.3 billion in the prior-year quarter. Moreover, Netflix’s Q3 revenue outlook fell short of expectations. I agree to TipRanks Terms of use and Privacy Policy Retail investor sentiment on NFLX stock price has strengthened according to recent brokerage surveys. Short interest has declined by 8%, signaling reduced bearish bets as Netflix’s profit margins improve.