Mar. 3 at 11:53 AM
$NFLX Options watch — the
$100/
$120 September call spread still has heavy OI, signaling lingering bullish interest.
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After a few red days, this could be a prime reentry setup for traders who missed the initial leg. Real-time quote ~
$110 shows the stock consolidating but holding key support, giving potential for the spread to run if momentum returns.
Notable detail: someone is still holding ~125k contracts valued at
$80M post-initial move — that’s serious conviction and suggests the position could have more legs if the stock regains strength.
Takeaway:
$NFLX is a classic options-driven momentum story — watch price action around
$110–
$112, track OI shifts, and keep an eye on volume spikes. Proper risk management is essential, but a measured reentry could capitalize on lingering bullish positioning.
In short: big contracts still in play, setup still intact — a watchlist candidate for the next leg up in streaming’s poster child.
