The Investment Thread

Or it could simply be a market maker under duress needing to liquidate a large portion of their most heavy and profitable positions.

Of note - Netflix's largest stakeholder is The Citadel.
I mean, it was one of the worst earning reports and guidance I've seen from a tech stock in years on a stock that is considered a high valuation growth stock and one of the most crowded plays in the market. That's a really terrible combination. Netflix will be lucky if the fall stops at $200.