Put options have become increasingly popular on Netflix, Inc. (NASDAQ:NFLX) during the past several weeks, according to volume data from the major exchanges. Report a 10-day put/call volume ratio of 1.04 for NFLX, as bearish bets bought to open have outnumbered their bullish counterparts in recent sessions. This ratio ranks higher than 80% of other such readings taken over the past 52 weeks, confirming a healthier-than-usual appetite for puts over calls on the stock.
This negative sentiment isn't limited to the options pits, either. Short interest on NFLX rose by 9.3% during the most recent reporting period, and now accounts for a noteworthy 16.6% of the stock's float.