Apr. 15 at 12:14 AM
$NFLX is on fire, up 3% today and 6.7% over the past 5 days
The action is all about that massive 55k-contract call structure around 112 to 115 strikes, locking in huge liquidity there
Looks like a key battleground heading into Friday and mid-May
Options momentum is crazy, 8 to 11 times normal, with puts only 8% of today's premium
This screams aggressive upside, not hedging
But watch out for any flow reversals, it could get bumpy
Even with the bullish vibe, some traders are hedging with downside puts at
$104 and
$110
Over
$3.2M spent there shows caution
Defined-risk plays might be the safer bet over the next few days