Netflix Options Activity Surges As Shares Gain, Calls Outpace Puts 2 to 1
Portfolio Pulse from Priya Nigam
Netflix shares gained on Thursday, with options activity surging as calls outpaced puts volume by more than 2 to 1. Traders expect the stock to continue rallying through the end of June. The company recently launched new features to help with password-sharing transitions.
June 02, 2023 | 12:19 pm
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Netflix shares gained and options activity surged, with calls outpacing puts volume by more than 2 to 1. Traders expect the stock to continue rallying through June.
The surge in options activity, specifically the higher volume of calls compared to puts, indicates a bullish sentiment among traders. This, combined with the recent launch of new features to help with password-sharing transitions, suggests a positive short-term impact on Netflix's stock price.
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