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.
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.
Don’t forget to check out our premarket coverage here
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.
Trending: Trump’s Political Success Predicted By Nixon 35 Years Ago
Must Read: Cannabis Movers & Shakers: Item 9 Labs, NORML And Others Confirm Industry Appointments & Promotions
Price Action: Netflix shares fell 1.8% to settle at $332.72 on Monday.
Check This Out: Splash Beverage Group And 2 Other Penny Stocks Insiders Are Aggressively Buying
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Retirement can be a difficult part of life to navigate, and a financial advisor can help. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
This article Bullish Bets On Netflix: Options Traders Anticipate A Significant Stock Surge By Week’s End originally appeared on Benzinga.com