NEW YORK The options market is reflecting a nearly three-year peak in the sentiment that the price of Netflix Inc. shares will continue to stage major swings as the dust-up over its business split pushes the stock lower.
As of early Tuesday, the market was reflecting the possibility that shares of Netflix could move $70 in either direction by options expiration in one month, according to market data provider Livevol Inc.
Shares fell $13.72, or 9.5%, to close Tuesday at $130.03, compounding Monday's losses to notch a 16% decline this week. Netflix's stock has lost more than half its value since .
Source online.wsj.com
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