I think this thing will continue to slide as more and more customers ditch.But for now, I wouldn't buy any puts until you see a technical bounce.
IV is quite high, if you are bearish consider selling call verticals as a safer more conservative play but certainly do NOT sell calls naked.
I just made ~40% on the weeklys. In an out in less than an hour. I do think this stock is now broken and the downtrend will continue. Puts seem like a good bet from this point forward.
Dang! I would have been up 700% right now had I held those 260 weekly puts I bought this morning. I gotta learn to stop being so chicken &%#$.
At this point, wait for a bounce.
buying a put now is too late. it's oex today, nflx could reverse and go into green. this stock is unpredictable!