Netflix Stock Slides Despite Upbeat Quarterly Results

Group 1 - Netflix Inc reported a 46% profit increase and a 16% revenue jump for the second quarter, surpassing estimates and raising its full-year revenue outlook [1] - Despite positive earnings, Netflix shares are down 4.5% to $1,217.08, indicating market reaction may not align with financial performance [1] - The stock is experiencing its third loss in the last four sessions and is distancing itself from its record high of $1,341.15 on June 30, although it still shows an 88.4% year-over-year gain [3] Group 2 - Analysts remain bullish on Netflix, with 30 out of 45 analysts rating the stock as "buy" or better, and 15 price-target hikes, including one from Wells Fargo to $1,560 [2] - The stock's 50-day put/call volume ratio is higher than 98% of readings from the past year, indicating increased bearish sentiment among options traders [4] - Today's options activity shows 107,000 calls and 92,000 puts traded, which is seven times the typical volume, with the July 1,200 call being the most popular [5]