Netflix stock analysis: bearish technicals, options point to big moves after earnings

• NFLX in bear market, down 47% from June peak to $70.53. • Options show 92% IV ahead of earnings; mixed analyst targets. • Q3 revenue seen +11% at $12.8B, EPS 82¢; valuation at 19x forward P/E. Netflix shares have plunged into a bear market, falling from a June high of $133 to $70.53. Tuesday’s results are eyed by the options market, which prices 92% implied volatility—nearly triple historical levels. Consensus calls for Q3 revenue of $12.8B (+11%) and EPS of $0.82. Wall Street targets range from $85–$125, while the stock’s forward P/E has compressed to 19×. A break below the $75 Fibonacci level risks a slide to $61.