Netflix Shares Traded Below $69 Before Third-Quarter Results
Photo: TokenPost
Netflix shares traded just under $69 shortly before its Oct. 20 third-quarter earnings release, as options priced a 9% move around the report. The figure described the size of the move implied by options prices, not whether the stock would rise or fall. It was the largest pre-report estimate for Netflix since the third quarter of 2022, when options priced an 11% move and shares gained 13% after earnings. Netflix had scheduled its results for about 4:01 p.m. ET (20:01 UTC) on Oct. 20, followed by a management interview at 4:45 p.m. ET (20:45 UTC).
Source: TokenPost
