Strategist Says Netflix Could Swing 8.5% On Q1 Results
Netflix, Inc. (NASDAQ: NFLX), set to post first-quarter earnings after the bell Wednesday, could see its shares move 8.5 percent, JJ Kinahan told Benzinga.
"People don't trade a huge amount of options" in Netflix said Kinahan, managing director and chief strategist at TD Ameritrade.
The streaming video provider has moved an average of 13 percent on the day after posting results in each of the most recent eight quarters, according to a report Wednesday in The Wall Street Journal.
The company is expected to post earnings of $0.69 a share.
Netflix, up about 46 percent during the past three months, changed hands recently at $472.51, down $5.17, but not far from its all-time high of $480.93.
Brianna Valleskey contributed to this report.
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