Netflix Options Traders Betting On Stock Moving Lower Amid Password-Sharing Crackdown
Portfolio Pulse from Priya Nigam
Netflix shares dropped after the company provided an update on its password-sharing crackdown, with options traders betting on the stock moving lower. The company will email customers sharing Netflix outside their household in the US.
May 24, 2023 | 12:14 pm
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Netflix shares dropped after an update on its password-sharing crackdown, with options traders betting on the stock moving lower in the short term.
The news of Netflix's password-sharing crackdown has led to a drop in its share price. Options traders are betting on the stock moving lower, indicating a negative short-term impact on the stock. The crackdown directly affects Netflix's user base and revenue, making it highly relevant and important for investors.
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