Netflix completed a 10-for-1 stock split, reducing its price to $107.58 on Nov. 28. This makes it easier to sell short OTM put options for income with less collateral required. NFLX stock is still undervalued, with analysts forecasting a potential upside. Shorting OTM puts can offer a 2.1% yield with good downside protection.

Read more at Barchart: Netflix is Still Cheap Here