Why was Netflix down today

Netflix's stock experienced a decline today, which can be attributed to several factors: 1. **Increased Bearish Sentiment among Option Traders**: Despite an increase in stock price, option traders showed a moderately bearish stance, with a significant volume of contracts exchanged. This suggests that some investors are anticipating potential downside risks. 2. **Content Expenses**: Expectations of growing content expenses in the second half of the year could impact operating margins, which might be contributing to the negative sentiment. In conclusion, Netflix's stock decline today can be attributed to a combination of factors, including increased bearish sentiment among option traders and content expenses.