A slumping stock price. C-suit shakeups. Corporate layoffs. A failed takeover bid. It's not a new drama on Netflix, but rather the drama that has surrounded the streaming giant as it limps into earnings with its stock nearly off 50% from its all time highs. Option traders are betting the drama might be coming to an end. Current options prices are implying a 9% post-earnings move, which is the highest since its Q3 2022 report, when it was priced for an 11% move. Netflix shares beat that implied move that quarter surging 13%. This time around, a hint of optimism is replacing what has become an almost automatic quarterly disappointment. The stock has had a median move of 7.25% over the last eight quarters. As of 12 p.m.
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