Netflix Stock Staying Strong Thanks to Earnings, Bull Notes

Core Insights - Netflix Inc (NASDAQ:NFLX) stock is performing well, up 1.5% to $988.01 after reporting a first-quarter earnings and revenue beat, driven by increased forecast subscription and advertising revenue [1] - Following the earnings report, 12 brokerages raised their price targets, with the highest target set at$ 1,350 by Pivotal Research [1] Stock Performance - Netflix shares initially traded as high as $1,018.99 and are currently 11% higher in 2025, with a year-over-year increase of 78%, supported by the ascending 200-day moving average [2] - The stock's record high of$ 1,064.50 from February 14 is a key resistance level [2] Options Market Activity - Options traders are showing increased interest in puts, although calls are still dominating in absolute volume, with a 50-day put/call volume ratio of 0.87, ranking in the 99th percentile of its annual range [3] - In the first hour of trading, 82,000 calls were traded, which is three times the average intraday volume, with the weekly 4/25 1,050 strike being the most popular [4]