Netflix reported strong quarter-over-quarter revenue growth, with a 14.2% year-over-year increase in free cash flow. However, free cash flow decreased on a quarter-over-quarter basis. Despite this, NFLX stock may be undervalued with a 20.4% free cash flow margin and a 1.65% free cash flow yield, making it a potential bargain for investors. Shorting out-of-the-money puts is also a viable strategy.

Read more at Barchart: Netflix Produces Strong Q2 FCF, But NFLX Stock Dips – Is It a Buy Here?