Netflix Inc (NFLX) stock has risen a good deal recently. It’s close to the prior target price of $714, now revised to $809 (see below) based on analysts’ forecasted revenue hikes. Selling short out-of-the-money puts and calls is an ideal way to play this. NFLX closed at $701.35 on Friday, Aug. 30, up significantly from a recent low of $598.55 on Aug. 5. This is close to my price target of $714, described in my July 19 Barchart article. I also described a short-put strategy in my Aug. 9 Barchart article, “Netflix Stock Is Up From Its Lows, But Its Put Option Premiums are Still High – Short Them…