Netflix shares jumped Monday ahead its first-quarter earnings release, as Wall Street became even more bullish on the much-anticipated report.
Shares closed up around 3 percent. Netflix reported an earnings beat after the bell on Monday.
The options market is now anticipating a 7.5 percent move in the stock in either direction on Tuesday, Dan Nathan, the co-founder of RiskReversal.com, told CNBC in an interview ahead of Netflix’s earnings report. “That’s about $5 billion in market cap” won or lost, he pointed out.
