Netflix Inc (NFLX) stock is peaking ahead of earnings next month. What should investors do? One thing is for sure – options premiums are high. That could spell high volatility. Shorting deep out-of-the-money (OTM) calls looks attractive here, especially for existing shareholders. Those not yet in NFLX may want to short deep OTM puts. NFLX is at $708.91 in midday trading on Monday, Sept. 23. This is a peak price for the past 4 years ever since it reached just below $700 in late Oct. 2021. As a result, options premiums, both on the put and call side, are now very high. I suggested taking advanta…