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Traders are loading up on bets against Netflix ahead of earnings

Original story at Business Insider• 2 mentions • 1 week ago

Business Insider 1 week ago

 
Netflix is set to report second-quarter earnings after the closing bell on Monday, and traders aren't taking any chances with the red-hot stock. Short interest — a measure of bets that share prices will drop — sits close to the highest level of the year ahead of the earnings announcement, according to data compiled by IHS Markit. The increased shorting activity is a natural reaction to a stock that's done as well as Netflix, which has surged 30% year-to-date. As part of the elite group known as FANG — along with Facebook, Amazon and Google — the company has been ...
 
 
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What they're saying:

17 Jul
BI Tech @SAI
Traders are loading up on bets against Netflix ahead of earnings https://t.co/1cgYPyjJvt https://t.co/iNWKRgaRO9
17 Jul
Business Insider @businessinsider
Traders are loading up on bets against Netflix ahead of earnings https://t.co/ysw25Qdk8F https://t.co/HGUjwtHJ4H