Why Netflix's Stock Rally Is Likely To Continue

Why Netflix's Stock Rally Is Likely To Continue

Netflix, Inc’s 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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