Netflix’s stock NFLX, -1.56% has been on a roll this year, as many see the company as a beneficiary of stay-at-home and other lockdown measures put in place to combat the COVID-19 pandemic. Investors get a peek into how much the company has actually benefited when it reports second-quarter results after Thursday’s closing bell.
One way to gauge expectations on how much a stock is expected to move in reaction to earnings is through an options strategy known as a straddle, which involves the simultaneous purchase of one bullish and bearish options with strikes around current, or “at-the-money” prices, that expire at the end of the week.
As of Thursday morning, Netflix options implied a 12.8% move in either direction on Friday, according to Garrett DeSimone, head quant at OptionMetrics.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Options traders bet on new all-time highs for Netflix after earningsOptions traders see the streaming giant surging to new highs when it reports earnings after the bell on Thursday.
Leer más »
Stocks making the biggest moves after hours: Sirius XM, Moderna, Lyft and moreSee which stocks are posting big moves after the bell.
Leer más »