Call Buyers Pounce On Netflix Stock's Historic Month

Netflix stock has been red-hot in January

Managing Editor
Jan 29, 2018 at 3:09 PM
facebook X logo linkedin


Few stocks have had as hot a start to 2018 as Netflix, Inc. (NASDAQ:NFLX). The streaming giant has turned in only two negative sessions in January, and is currently riding a eight day winning streak. The FAANG name is higher again today, up 3.4% to trade at $283.80, and earlier touched a fresh record high of $286.81. The stock is riding higher on news that cable operator Altice integrated Netflix in its new set-top box. With this in mind, we decided check in on the stock's options activity. 

January has been a historically excellent month for NFLX, with four of the stock's best 10 months coming in January. This time around, the equity is pacing for its best month since January 2013, when the stock added 78.5%. Netflix stock has already added nearly 100% year-over-year, and 48% in 2018 thus far.

In the options pits, traders remain upbeat toward NFLX. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows the stock's 10-day call/put volume ratio at 1.31. 

Shifting gears to today, call buying has picked up. Roughly 105,000 calls have crossed the tape today, surpassing the average daily volume and pacing for the 93rd percentile of its annual range. Among the most popular are the weekly 2/2 280- and 285-strike calls, and it looks like NFLX options traders are purchasing new positions here. As such, some options traders are banking on Netflix to continue climbing with renewed vigor as February rolls around.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI