Whitney Tilson's Short Netflix Thesis (NFLX)

Whitney Tilson of T2 Partners LLC has laid out his short thesis for Netflix NFLX, saying he believes the name is severely overvalued. Tilson has been short the name for approximately $100 per share, so he acknowledges his entry is wrong, but he hasn't yet accepted defeat on this position. Shares of NFLX are climbing today, gaining $3.24 per share to $181.74, a gain of 1.8% today. The stock is going to be added to the S&P 500 tomorrow and traders are buying it in anticipation of this.