Bullish Bets On Netflix: Options Traders Anticipate A Significant Stock Surge By Week's End

Netflix, Inc. NFLX is all set to release earnings for the latest quarter after the closing bell on Tuesday. Analysts expect the company to post quarterly earnings at $2.86 per share on revenue of $8.18 billion.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said options markets are implying a move of +/-9% for Netflix’s stock by the end of the week.

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There were buyers of more than 10,000 of April 382.5 calls at an average price of $1.99 per contract, Khouw mentioned.

The traders expect Netflix’s shares to surge by 15% or more by the end of the week.

On Monday, New Street Research analyst Dan Salmon maintained Netflix with a Neutral and raised the price target from $320 to $333.

Price Action: Netflix shares fell 1.8% to settle at $332.72 on Monday.

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