Netflix Options Show Prospect for Full Reversal of Disney+ Rout
Options investors are positioning for a post-earnings move in Netflix Inc. shares that could more than recoup the $9 billion in market value wiped out since Walt Disney Co. took the wraps off its streaming-video service.
More than a quarter of Netflix open interest is due to expire in the wake of Tuesday afternoon’s first-quarter release, with bullish calls outweighing bearish puts.
Options investors are positioning for a post-earnings move in Netflix Inc. shares that could more than recoup the $9 billion in market value wiped out since Walt Disney Co. took the wraps off its streaming-video service.
More than a quarter of Netflix open interest is due to expire in the wake of Tuesday afternoon’s first-quarter release, with bullish calls outweighing bearish puts.