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CNBC Stock Blog
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Netflix is seeing heavy options activity Thursday as its shares continue to rise, up nearly 3 percent on a day when the broader markets are selling off.
Only halfway through the session more than 20,000 NFLX contracts had already changed hands, dwarfing last month's average daily volume of 3,800, according to OptionMonster's tracking systems.
The short interest is high (about 28 percent) and the squeeze has likely exaggerated the move — but the March 50 calls bought for $0.20 do stick out as odd, as they are nearly $15 out of the money. This is certainly volatile and would likely dictate a high degree of caution in any trading.
NFLX stock [NFLX
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Home Entertainers:
Apple [AAPL
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Blockbuster [BBI
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Time Warner Cable [TWC
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DirecTV [DTV
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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.
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Data is a real-time snapshot *Data is delayed at least 15 minutes