in Tuesday's trading as investors jockeyed for position ahead of Wednesday's report, but that doesn't mean sentiment around Netflix is firmly positive.leans more towards the puts," said Eison, "So it's kind of tough to see whether traders are coming in with a bullish or bearish bet. Net net, people are expecting a volatile move."
"If you look at historical implied volatility, it's tough to be long options and get this right. You can get the direction right and still end up losing money because the options premium is just so robust," said Eison. However, if you're inclined to place a bet, it's helpful to know where the stock might head from a technical perspective. If Netflix fails to deliver, Eison sees it testing a key level of support.
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