Over the last six months, shares of Netflix (NASDAQ:NFLX) have nearly tripled on the belief that the company is transforming itself into an original programming powerhouse. However, the world of original programming isn't exactly a wide open market. Despite this reality, sentiment appears have reached an extreme level of optimism. In this video, Fool contributor Steve Heller gives Netflix investors a wake-up call. Tune in below to hear his thoughts on the subject.

Rex Moore has no position in any stocks mentioned. Fool contributor Steve Heller owns shares of Walt Disney. The Motley Fool recommends AMC Networks, Netflix, and Walt Disney. The Motley Fool owns shares of Netflix and Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.