NFLX is trading at $82.89 (+6.21%) as the Warner Bros. Discovery acquisition saga intensifies, with Paramount Skydance raising its bid to $31 per share and pressuring Netflix to respond.
- Huge call option volume signals bullish investor sentiment tied to the bidding dynamics and Netflix's strong free cash flow to manage potential debt.
- The stock is significantly outperforming the broader market, with the NASDAQ up 1.28% as of 2:49PM EST.