Netflix (NFLX) Crackdown On Password Sharing Coming To The U.S.

Netflix (NFLX) is up over 120% from its 52-week low. Alex Coffey and Jenny Horne discuss NFLX as its crackdown on password sharing is coming to the U.S. They talk about how accounts will start to be limited to one household and extra users can be added for an additional fee. NFLX will charge an extra $7.99 to share accounts outside of households. They note that NFLX has seen success with crackdown in other countries and paid membership has been growing. NFLX is up 22% year-to-date. Alex then demonstrates an example trade using NFLX. The trade type is buy a call condor and the direction is bullish. Tune in to find out more about the stock market today.