Netflix (NFLX) Enforces Paid Account Sharing In Four Countries

Netflix's (NFLX) price target gets cut by Jefferies to $415 from $425, reiterating its buy rating. Jefferies notes that they are eager to hear about consumer behavior as company enforces paid sharing in four countries. Alex Coffey and Jenny Horne discuss NFLX's plan to crack down on account sharing. They talk about how NFLX is up 107% from its 52-week low, and it reports earnings April 18th. Alex then demonstrates an example trade using NFLX. The trade type is a sell put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.