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Today, new options for Netflix Inc. (NFLX) with a February 2026 expiration have become available. Investors can explore a put contract with a strike price of $1100, currently bidding at $71.15, potentially allowing for a cost basis of $1028.85 if sold. This represents about a 1% discount from the current price of $1107.90/share and has a 58% chance of expiring worthless, offering a 6.47% return on the cash commitment.
Additionally, a call contract at a $1140 strike price is available, with a bid of $74.00. If shares are purchased at $1107.90 and the call is executed, this could yield a total return of 9.58%. The call contract’s strike price is about 3% above the current trading price, with a 50% chance of expiring worthless, potentially offering a 6.68% extra return if it does.
Both contracts have an implied volatility of approximately 33%, aligning with the actual trailing twelve-month volatility of the stock, also 33%.
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