Kinahan Says Netfix Inc. Could Swing 8.5% On Q1 Results

Netflix Inc. 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 for Omaha, Nebraska-based TD Ameritrade, the operating unit of TD Ameritrade Holding Corp. AMTD. 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. http://blogs.wsj.com/moneybeat/2015/04/15/options-traders-bet-on-big-swing-from-netflix/ The company is expected to post earnings of $0.69 cents a share. Netflix, up about 46 percent during the past three months, changed hands recently at $472.51, down $5.17, but near its all time high of $480.93. Obviously having a big move today ahead of earnings. Some of the trades There's about an 8.5 percent move expected. This is a stock that trades but people don't trade huge amounts of options. We've seen for this week next week a little bit of the 490 calls.