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Netflix Stock Seen Rebounding 10% Short-Term

“But it had little effect on lifting the stock, as the stock market was hit a by a wave of increasing levels of volatility” writes Michael J for investopedia.com. With the calls trading at roughly $12.50 per contract, a buyer of the calls would need the stock to rise to approximately $347.50, or 10%, from the current stock price.It would seem that at least some traders are betting Netflix leads a broader stock market recovery.But now some options traders are betting the stock rebounds in the coming weeks by 10% from its current price of $315.The shares of the streaming media company have slumped along with its “FAANG” peers amid a broader technology-led stock market sell-off, which has seen the Nasdaq drop by 8% from its highs.
 
Source: investopedia.com



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