I used to trade $NFLX options with 0-5 days to expire; because the strike/stock price would fluctuate $10 +/- every day and the premiums were around $50-$1000 for just OTM to just over ITM…
This week they’ve increased at least 300%… ITM premiums are now $2800+ and $200 strikes are damn near $100 away from the current stock/strike price. It doesn’t appear that volume has increased for trading; but I can’t find the volume for options trading.
Yes, there is earnings; but again the volume hasn’t increased at all for regular trading.