Top funds devour shares of Netflix stock as the streamer teases a breakout after already rising 337%. Consider this word of caution.
Internet television network Netflix has taken a commanding lead in the streaming video market. And its ad-supported service has reinvigorated growth.
Netflix is one of the top stocks in the market right now and is a member of the IBD 50. At the same time, we'll buy a put with a further expiration at a strike price further out of the money. Here's how we could set it up for Netflix stock.