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NFLX Nov 2024 270.000 put

OPR - OPR Delayed Price. Currency in USD
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0.53000.0000 (0.00%)
As of 11:51AM EDT. Market open.
Full screen
Previous Close0.5300
OpenN/A
Bid0.0300
Ask0.7800
Strike270.00
Expire Date2024-11-15
Day's Range0.5300 - 0.5300
Contract RangeN/A
VolumeN/A
Open Interest2
  • Yahoo Finance Video

    Netflix is 'the 800-pound gorilla' of streaming: Strategist

    Netflix (NFLX) is set to report its third quarter earnings Thursday, with Wall Street anticipating revenue of $9.77 billion and adjusted earnings per share of $5.16. Annandale Capital founder and chairman George Seay joins Catalysts to discuss these lofty expectations and the streaming giant's potential to outperform. Seay characterizes Netflix as "a great metaphor" for the broader stock market, particularly the Nasdaq Composite index (^IXIC). He emphasizes that the company must exceed expectations to maintain its momentum, though it is at the mercy of overall market trends. "This is one of the must-own companies, but if you don't own it yet, you probably have time to get in once it corrects at some point," Seay states. "We don't know what's going to happen, but it's almost like the market is priced right now where everything's got to go right for everything to keep going up, including Netflix." Regarding competition, Seay labels Netflix as "the 800-pound gorilla," noting that the company's rivals are "inept" in comparison. This dominance, he argues, creates an enormous amount of pricing power for Netflix. "The execution is outstanding. I think if you talk about internal metrics and the way they operate, you have to be bullish long-term on Netflix," Seay tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith

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