Seeking Alpha
  • Erick McKitterick
    6 Million Dollar 105-85 weekly put spread bought on NFLX does not bode well for NFLX after earnings.
    4/22/12
    Reply (8)
    • Canary Cash: OI is pretty low on those two strikes, am I missing something?
      4/23/12
    • Erick McKitterick: OI won't update until around 8:30 to 9:00 today.
      4/23/12
    • Canary Cash: Yep, just saw it and was on my way to say..lol
      4/23/12
    • Canary Cash: that's a pretty huge bet...
      4/23/12
    • Erick McKitterick: Last week there was a 3.5M bet 115-130 may call spread bought and a 6M weekly put spread bought. Overall put inflows were almost 2x calls
      4/23/12
    • Canary Cash: Ouch, Call premium is massive at the moment tho
      4/23/12
    • Erick McKitterick: Whisper number of (.12) vs (.27) consensus estimate so they are going to need to blow out numbers here.
      4/23/12
    • Erick McKitterick: Great short if you got into it though
      4/24/12