Netflix call volume above normal and directionally bullish
Bullish option flow detected in Netflix with 12,514 calls trading, 1.2x expected, and implied vol increasing over 2 points to 54.48%. Oct-16 120 calls and 10/14 weekly 102 calls are the most active options, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 0.61. Earnings are expected on October 17th.