Netflix (NFLX) Keeps Moving Higher, Option Activity Insane
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Talk about bullish movement. Netflix (Nasdaq: NFLX) is up 9.2 percent Wednesday, but that's not that best part.
Call options are going nuts for Netflix. For example, the weekly $80 calls started the session off at about $0.10, which has since skyrocketed to $1.29 at the last trade, or a paper gain of 1290 percent on the session.
Other front month out-of-the-money call options are also seeing tremendous activity, with option prices up 200 percent on average.
Implied volatility for the weekly's is well about 70 percent moving away from the at-the-money calls, with some reaching above 100 percent.
Open interest is 638 or so for the 80 call, compared with 2 for the 80 put.
Call options are going nuts for Netflix. For example, the weekly $80 calls started the session off at about $0.10, which has since skyrocketed to $1.29 at the last trade, or a paper gain of 1290 percent on the session.
Other front month out-of-the-money call options are also seeing tremendous activity, with option prices up 200 percent on average.
Implied volatility for the weekly's is well about 70 percent moving away from the at-the-money calls, with some reaching above 100 percent.
Open interest is 638 or so for the 80 call, compared with 2 for the 80 put.
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