Bullish Bets On Netflix: Options Traders Anticipate A Significant Stock Surge By Week's End

Netflix, Inc. (NASDAQ: NFLX) is all set to release earnings for the latest quarter after the closing bell on Tuesday. Analysts expect the company to post quarterly earnings at $2.86 per share on revenue of $8.18 billion.

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On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said options markets are implying a move of +/-9% for Netflix’s stock by the end of the week.

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There were buyers of more than 10,000 of April 382.5 calls at an average price of $1.99 per contract, Khouw mentioned.

The traders expect Netflix’s shares to surge by 15% or more by the end of the week.

On Monday, New Street Research analyst Dan Salmon maintained Netflix with a Neutral and raised the price target from $320 to $333.

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Price Action: Netflix shares fell 1.8% to settle at $332.72 on Monday.

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This article Bullish Bets On Netflix: Options Traders Anticipate A Significant Stock Surge By Week’s End originally appeared on Benzinga.com

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