Netflix stock surged 5% today, sparking heavy call options volume on out-of-the-money tranches. Shares are up over 8% in the last two days. Unusual activity shows over 3,400 call options at $93 strike for March 13 and 58,000 at $105 strike for May 15. Buyers are betting NFLX will rise in the short term. Paramount Skydance Corp raised its bid for Warner Bros Discovery, potentially impacting Netflix’s acquisition plans. Investors are bullish on Netflix’s strong free cash flow and potential outcome of the takeover saga. Uncertainty remains, so caution is advised when trading call options.

Read more at Barchart: Huge Volume in Netflix Call Options Today Shows Investors are Bullish on NFLX Stock