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Netflix, Inc’s (NASDAQ:NFLX) shares gained 3.7% on Thursday and are up around 11% this week.
On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said Netflix traded 2.5 times its average daily volume and was the second busiest single stock on Thursday.
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There were buyers of 50,000 of the December 2 weekly 320 calls, at an average price of $3 per contract, Khouw mentioned. The traders expect the stock to rally through Friday’s close, he added.
NFLX Price Action: Share of Netflix slipped 0.2% to $316.20 in after-hours trading on Thursday.
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Photo via Shutterstock.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.