Position: NFLX 7/17 $75C
NFLX sucks - blah blah blah. I’m frankly sick of the narrative. Since when do we care about long term investment advice? This is a 3 week play.
NFLX reports in 7/15. The stock often catches a bid into earnings because funds position early for another quarter of boring execution. I don’t need to hold through the print. I need the pre-earnings bid. Sure it’s been going down since the acquisition fell through, but it held up decently well this week all things considered.
Why $75C?
NFLX is around $71–72, so $75 only needs a 4–5% move. Break-even is about $77.37, but I’m not playing this as an expiry hold. I’m playing the move into earnings while IV and positioning matter.
Why NFLX?
This is an oversold bounce + earnings run-up trade.
NFLX was above $107 in mid-April and is now around $71–72. That is roughly a 30%+ drawdown in about two months, despite the business still growing revenue, expanding margins, scaling ads, and generating real cash flow.
Now add the buyback.
Netflix has a massive repurchase authorization, which matters because it gives management a built-in way to support EPS and return capital while the business keeps compounding. That is exactly the kind of setup institutions like into earnings: profitable growth, strong cash flow, and buybacks behind it.
Bottom Line:
Look guys, this isn’t a Wendy’s. But it could be. With help from the buy back I expect enough momentum I to earnings to make these contracts profitable.
Reminder of the buy-back:
[https://www.forbes.com/sites/andymeek/2026/04/26/netflixs-new-stock-buyback-is-bigger-than-its-entire-2026-content-budget/](https://www.forbes.com/sites/andymeek/2026/04/26/netflixs-new-stock-buyback-is-bigger-than-its-entire-2026-content-budget/)
