Netflix (NFLX) volatility elevated on continued wide share price movement

Netflix (Nasdaq: NFLX) is recently up $2.92 to $71.06 after media reports Verizon (NYSE: VZ) is planning a video-streaming service to rival Netflix. Jefferies say's "Less favorable competitive environment is a key concern, reiterate Hold." January put option implied volatility is at 71, March is at 77; above its 26-week average of 60 according to Track Data, suggesting larger price movement.

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