Bullish options flow was detected in NFLX stock on December 10, 2019.

Bullish options flow in NFLX stock on December 10, 2019.

In particular, there’s a lot of activity in the Jan 24 calls with a $300 strike.

JPMorgan analyst Doug Anmuth noted that Netflix announced during an investor conference presentation that 26.4M accounts watched “The Irishman” over its first seven days, which he thinks is likely below expectations but also impacted by the film’s 3.5 hour viewing time. He expects viewership to build over the quarter, noting that Netflix said it expects about 40M viewers of the film over the first 28 days of release. Netflix released Marriage Story on Dec. 6, which has generated strong buzz and is also an awards contender, and its late-December content slate is “strong,” added Anmuth. The analyst, who believes Netflix’s fourth quarter subscriptions have “historically been very back-end weighted,” has an Overweight rating on the stock.

Speaking at the UBS Global TMT Conference, Netflix Chief Content Officer Ted Sarandos replied to a question about upcoming 2020 content that excites him by stating that he is “really proud” of the animation work the company is doing, that the cadence of its Hollywood-quality films is picking up and that new shows coming from Shonda Rimes look “super promising.” According to Bloomberg, Sarandos said earlier in the presentation that 26.4M homes watched “The Irishman” in the first week of release and that 40M people will watch the film in its first month after release. Sarandos continues presenting at the UBS conference.

On December 9, 2019, it was reported that Netflix (NFLX) has received 34 nominations for this year’s Golden Globe awards, leading all other studios and streaming services, the Wall Street Journal’s Ellen Gamerman and John Jurgensen reports. The streaming giant received 17 honors on the motion-picture side, buoyed by “Marriage Story” and “The Irishman, which led the film categories with six and five nominations, respectively, the authors say. Netflix also led on the television side with 17 nominations over HBO’s (T) 15, the authors note. Other companies nominated for Golden Globes include Sony (SNE), Amazon (AMZN), Disney (DIS), ViacomCBS (VIAC), Lionsgate (LGF.A), 20th Century Fox (FOXA), and Comcast (CMCSA). Source: https://www.wsj.com/articles/golden-globe-nominations-pit-streamers-against-studios-11575896199?mod=newsviewer_click

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