Netflix Stock Could Burn Options Bears in October

Core Viewpoint - Netflix Inc (NASDAQ:NFLX) is poised for potential record highs in October, supported by historical performance trends and upcoming earnings reports [1][4]. Performance Analysis - Netflix has shown a 38.7% increase in stock price in 2025, with a current trading price of $1,236.56, nearing its highest close in nearly a month [1]. - Historically, Netflix is the best performer in October among S&P 500 stocks, with an average monthly return of 7.6% and an 80% win rate [2][3]. Earnings Expectations - The company is set to report third-quarter earnings on October 21, with a history of positive post-earnings performance, including an 11.1% increase last October and an average return of 8.1% post-earnings [4]. Options Market Sentiment - There is a notable unwinding of pessimism among options traders, with a 10-day put/call volume ratio of 1.03, indicating higher than average bearish sentiment [5]. - Options are currently affordably priced, with a Schaeffer's Volatility Index (SVI) of 28%, ranking in the 9th percentile of annual readings, suggesting low volatility expectations [5].