However, a number of short-term traders remain unconvinced by Netflix, Inc.'s technical chops.
The security's put/call open interest ratio sits at 1.07, with puts outnumbering calls among options expiring in the next three months. This ratio ranks in the 62nd annual percentile, meaning near-term options players are more put-heavy toward the stock than usual.
Bought PUT NFLX 220 MAY-24-2013 at $12.15 while NFLX was at $217.
Bought PUT NFLX 215 MAY-24-2013 at $9.55 while NFLX was at $217.
Shorted NFLX at $217.
Looking forward to cover at $212 - $213.