Netflix (NFLX) Ad-Tier Is A Success

Netflix (NFLX) continues to see their ad-tier gain traction. Alex Coffey and Jenny Horne discuss NFLX as it reports nearly 5M monthly active users in its ad-supported tier and has about 232.5M global total subscribers (ad and non-ad). NFLX also says 80% of ad-supported viewers watch on a TV versus a mobile device. They talk about how NFLX's stock is rallying after reporting strong ad-tier subscriber earnings. They note that Disney+ and HBO Max have also adopted an ad-supported tier. Alex then demonstrates an example trade using NFLX. The trade type is a skewed call butterfly and the direction is bullish. Tune in to find out more about the stock market today.