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Bettors on big swings in Netflix stock run for the exits


By David Gaffen NEW YORK (Reuters) – Options investors expecting a big move in Netflix shares after the video streaming service posted earnings didn’t get what they wanted, and they’re fleeing en masse on Tuesday. Headed into Netflix Inc’s earnings after the close of Monday’s trading, the expectation was for the stock to move by about $39 a share, or about 11 percent, by the end of the week. That’s a bit boring by Netflix standards, as the stock has averaged a move of about 18 percent in the last six quarters the day after reporting earnings. However, on Tuesday, Netflix was up just $17.51 or 5 percent at $366, well short of the usual move, disappointing those who were looking for a lot of volatility that could carry the stock close to $400.

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