Call Traders Aren't Giving Up on Netflix Stock

Netflix is drawing sustained bullish options interest even after a post-earnings selloff earlier in the month. Shares were last up 1.7% at $71.26, extending a rebound, though the stock remains below pre-earnings levels and is still down 24% year to date. The article highlights heavy call activity over the past two weeks, with more than 4.6 million calls and 2.5 million puts traded, and notes a strong 50-day call/put ratio of 3.12 that ranks above 86% of readings from the past year. Despite recent revenue weakness and a drop to 52-week lows after the earnings miss on sales, options traders appear to be positioning for continued upside or volatility in NFLX.