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Story summary
- Options traders price a roughly 10% post-earnings move for Netflix.
- Netflix shares closed at $69.85, down 1% before the earnings release.
- Analysts expect Netflix to earn $0.82 per share this quarter.
- The biggest trade was a $2 million sale of Nov. 20 70-strike puts, a bullish signal.
- A near-term $70 straddle costs about $7, indicating a potential $7 swing either way.
