A trader on Reddit’s r/wallstreetbets says they turned roughly $10,000 into more than $53,000 on a Netflix Inc (NASDAQ:NFLX) options trade in just a few weeks, posting a screenshot that showed a gain of more than 424%.
The trade caught attention because it was tied to the market’s shifting view of Netflix’s pursuit of Warner Bros. Discovery and the possibility that Netflix could still come out ahead financially even if it lost the deal.
The trader shared a position showing 100 Netflix call contracts with a $90 strike and a March 20, 2026 expiration. According to the screenshot, the contracts were purchased on Feb. 3 for an average cost of $1.01, or about $10,100 total.
By Feb. 27, those same contracts were marked at $5.30, putting the position’s value at roughly $53,000 and implying a profit of about $42,900 in a little over three weeks—the kind of swing that attracts traders who want a place to both trade and earn 8.1% APY on idle cash while they wait for the next setup.
The setup drew praise from other users, with one commenter saying, “I love this trade. Bought on 2/3 with month plus to work out…either it would bounce [because] deal is off or bounce [because] deal going through. They got $2 [billion] in breakup fee so that’s free money.”
That comment needs context. The deal was Netflix’s proposed acquisition of key Warner Bros. Discovery assets, and the breakup-fee thesis was real.
Reuters reported last month that Paramount Skydance had offered to fund the …
This post was originally published here
