Netflix stock (NFLX) has dipped from its record high of $1,341.15 to $1,225.62, testing a bullish trendline. The 80-day trendline’s 20-day ATR shows the stock is likely to see an 11.1% gain to $1,361.66 in a month. Call options are favored due to low volatility expectations, with an SVI of 25% ranking in the low 5th percentile.

Investors betting on a Netflix comeback are in luck as the stock is testing a historically bullish trendline. The stock has a strong track record of being higher one month later after hitting this level, with an average gain of 11.1%. Call options are a good way to capitalize on this opportunity, as low volatility expectations make them an attractive choice.

Read more at Yahoo Finance: Buy the Dip on Netflix Stock