Shares of Netflix (NASDAQ: NFLX) are charging higher as it reported positive first quarter results along with a positive forward outlook. Shares rose to an all time high of $102.49 on 8 million shares vs. 1.8 mil average.
Netflix options activity confirms the move, as the May 100 calls saw increased activity as 3k traded vs an open interest of 1.5k. Further out of the money calls also saw increased buying specifically the 110 calls, this prices in a 8 point move before May 21st expiration. June and July calls are also active.
52 week range 36.25 – 102.49