Add as a preferred source on GoogleNetflix Shares Traded Below $69 Before Third-Quarter Results
Options had priced a 9% share move around the report, the largest such estimate ahead of Netflix earnings since the third quarter of 2022.
Netflix shares traded just under $69 shortly before its Oct. 20 third-quarter earnings release, as options priced a 9% move around the report.
Before the results, options pricing reflected a 9% share move.
The figure described the size of the move implied by options prices, not whether the stock would rise or fall. It was the largest pre-report estimate for Netflix since the third quarter of 2022, when options priced an 11% move and shares gained 13% after earnings.
Netflix had scheduled its results for about 4:01 p.m. ET (20:01 UTC) on Oct. 20, followed by a management interview at 4:45 p.m. ET (20:45 UTC). The company released its third-quarter results that day.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.