On CNBC's "Options Action," Mike Khouw said calls traded four times their average daily volume on Thursday in Netflix Inc NFLX and they outpaced puts by about 2 to 1. Overall, bullish bets, call buyers and put sellers, outpaced bearish bets, call sellers and put buyers, by about 30%.
See Also: Netflix Stock Soars While Disney, Roku Look Set For Reversals: How To Trade It
The most active options were the August 20 expiration, $550 calls as over 31,000 contracts were traded for $2.09. The August 27 expiration, $550 calls were also active as over 6,000 contracts were traded. This week's expiration calls were mostly traded by retail traders, while next week's activity included some institutional traders.
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