Netflix 10-for-1 Stock Split: Impact on Options and Investor Questions

Netflix (NFLX) announced a 10-for-1 split on October 30, 2025:

• Record Date
  : Nov 10 |
  Distribution
  : Nov14 |
  Ex-Split
  : Nov17

The split increases shares by10x while reducing price proportionally (e.g., $1,100→$110 post-split).

:
[1] Netflix Press Release | [2] FastCompany

• Price
  : NFLX peaked at $1,167.33 (Nov13) then dropped2.67% to $1,112.17 (Nov14) due to profit-taking.
• Sentiment
  : Mixed—optimism for retail access, but focus on fundamentals.

• Retail Access
  : Lower prices may boost liquidity.
• Fundamentals
  : Morningstar labels NFLX “overvalued” long-term.

:
[3] Morningstar | [4] Market Data

Your iron condor multiplied by10x and triggered a margin call because:
a)

: Option strikes adjust on , not Nov14.
b) : Splits preserve value—post-adjustment:

• Contract count ×10 | Strike prices ÷10 | Total premium unchanged.

• Short-Term
  : Modest lift from retail demand (Morningstar).
• Long-Term
  : Dependent on Q3 trends (17% YoY revenue growth, but EPS missed due to $619M tax charge).

:
[5] Variety

1. Strike Adjustment
   : Occurs Nov17.
2. No Premium
   : Split preserves total value.
3. Exit Trade
   : Consider Nov17 adjustment and volatility risks.

• Nov17: Option adjustments and split-adjusted trading.
• Upcoming earnings: Subscriber/revenue growth.

• Margin Call
  : Resolve with broker before Nov17.
• Volatility
  : Post-split swings may test iron condor strikes.
• Overvaluation
  : Morningstar’s warning warrants caution.

:
“Coordinate with your broker immediately to address the pending margin call and understand Nov17 option adjustments.”

[1] Netflix Press Release | [2] FastCompany | [3] Morningstar | [4] Market Data | [5] Variety | [0] Ginlix Database

: Not investment advice—consult a financial advisor.
:2025-11-15 EST
:2025-11-15 UTC